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Twitter writes off its investment in SoundCloud

Twitter has written down almost $70 million investment in SoundCloud referring that digital music industry is a challenging industry to rake in. Jack Dorsey, CEO Twitter, invested in music streaming service SoundCloud in 2016 and has written off the deal in one year. It is said that Twitter has realized that the invested amount cannot …

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In a first-of-its kind, audio streams to be included in Australia’s album charts

On Thursday, May 4, an announcement was made by trade body ARIA that on-demand audio streams for the first time will be taken into account in Australia’s official weekly album charts.This Saturday (May 13), the first ARIA Albums Chart to integrate streams will be revealed using data provided by Spotify, Apple Music, Deezer, Google Play …

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