SoundCloud founder issues statement on possible closure

SoundCloud founder Alexander Ljung has issued a statement on recent reports that have circulated about the possible closure of the streaming platform.

In the statement, which Ljung issued via the SoundCloud blog, he said, “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.

“There’s an insane amount of noise about SoundCloud in the world right now. And it’s just that, noise.”

Earlier this month SoundCloud laid off 40% of its staff and closed the San Francisco and London offices. That was before it was reported the streaming platform only had enough funding to last another 50 days.

You can read Ljung’s full statement refuting those reports below.

Hey everyone,

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.

Peace,

Alex

Rob McCallum is DJ Mag’s deputy digital editor. Follow him on Twitter here.