SoundCloud has been Rescued, But the CEO is Out

SoundCloud lives. A new $170 million round of funding from a boutique merchant bank called The Raine Group and Temasek, a Singapore investment company, will allow the company to continue, although CEO Alex Leung is now SoundCloud’s ex-CEO.

The new man in charge is Kerry Trainor, the former CEO of Vimeo, the online video site.

So how are they going to turn things around? Read the report at Billboard.

Alan Cross

is an internationally known broadcaster, interviewer, writer, consultant, blogger and speaker. In his 30+ years in the music business, Alan has interviewed the biggest names in rock, from David Bowie and U2 to Pearl Jam and the Foo Fighters. He’s also known as a musicologist and documentarian through programs like The Ongoing History of New Music.

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