Patreon lays off 20% of its workforce

In a memo to staff that was posted online, Conte said the company’s core business is strong, but the platform has to respond to market changes and adjust its cost structure to remain stable. ​In a memo to staff that was posted online, Conte said the company’s core business is strong, but the platform has … Read more

SoundCloud acquires decentralized music platform Nina Protocol months after its shutdown

SoundCloud has acquired decentralized music platform Nina Protocol, months after the startup announced it would shut down. The deal brings Nina’s artists, editorial archive, and music discovery tools to SoundCloud as the company continues expanding its platform for independent musicians. ​SoundCloud has acquired decentralized music platform Nina Protocol, months after the startup announced it would … Read more

AI and the rise of the universal entertainment app

Over the past decade, streaming platforms competed by dominating individual formats like music, video, podcasts, or audiobooks. Now, as AI makes it easier to create, organize, and recommend content, those distinctions are fading, pushing companies like Spotify, Netflix, YouTube, and TikTok to become all-purpose entertainment destinations instead. ​Over the past decade, streaming platforms competed by … Read more