According to Chance the rapper, soundcloud is safe now.
After news spread of the possible demise of Soundclound in the fourth quarter of this year, the Chicago Emcee has apparently saved the most important sharing service in the underground hip hop scene to this day.
Upon hearing the news on Thursday, the 24 years of age, grammy award winner announced on Twitter that he was working alongside Alex Ljung to solve the problem.
Just had a very fruitful call with Alex Ljung. @SoundCloud is here to stay.
— Lil Chano From 79th (@chancetherapper) July 14, 2017
“Just had a very fruitful meeting with Alex Ljung. @SoundCloud is here to stay.”
In the past few years, Soundcloud found itself unable to generate income and the preview option allowing artists to share snippets of their tracks only with a button redirecting to a music selling platform didn’t help the problem.
Luckily, the once unknown acid rapper who first got his music out to the world through the sharing service gets a chance to return the favor to the most convenient of all clouds.
There are no clear details on what really went down behind closed doors, but the platform was too important in the culture was bound to disappear. The company already laid off a good forty percent of its employees, and would have possibly close its San Francisco and London offices.
After Chano announced this morning that SoundCloud was here to stay, SoundCloud founder Alex Ljung posted a public statement on the site blog.
Read SoundCloud’s statement below:
There’s an insane amount of noise about SoundCloud in the world right now. And it’s just that, noise. The music you love on SoundCloud isn’t going away, the music you shared or uploaded isn’t going away, because SoundCloud is not going away. Not in 50 days, not in 80 days or anytime in the foreseeable future. Your music is safe.
Along with each of you, we’ve built this incredible creative community of artists, podcasters, DJs, producers and more who are the driving force in pushing culture forward in the world. That’s not going to change. Last week we had to make some tough decisions to let go of some of our staff, but we did this to ensure SoundCloud remains a strong, independent company.
Thank you for the outpouring of love and support. Some of you have asked how you can help–spread the word that we’re not going anywhere and keep doing what you’re doing–creating, listening, uploading, sharing, liking, and discovering what’s new, now and next in music. SoundCloud is here to stay.
I got money on my card
— Lil Chano From 79th (@chancetherapper) July 15, 2017
And for those questionning Chance cashflow, he has a net worth of 9 million dollars so …
Sharing an exclusive on the music cloud, the Chiraq weirdo’s assets turned into in a trust fund as he has already donated few million dollars to Chicago Public Schools and continues to help his community.