Privately-Held Music Streaming Service Soundcloud To Be Put Up For Sale Later This Year
Portfolio Pulse from Charles Gross
Sky News reports that Soundcloud, a privately-held music streaming service, is preparing to be sold later this year. The article may mention the potential impact on publicly traded companies in the music streaming industry such as Apple (AAPL), Amazon (AMZN), Sirius XM (SIRI), Spotify (SPOT), and Tencent Music Entertainment (TME).
January 07, 2024 | 3:34 pm
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Apple, which operates Apple Music, may face changes in competitive dynamics if Soundcloud is acquired by a major player.
Apple's music streaming service could see indirect effects from Soundcloud's sale, depending on the buyer. However, given Apple's size and diversified business, the impact is likely to be limited in the short term.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 50
NEUTRAL IMPACT
Amazon, with its Amazon Music service, could experience shifts in the industry landscape depending on the outcome of Soundcloud's sale.
Amazon Music might be affected by the sale of Soundcloud, but the short-term impact is likely minimal due to Amazon's larger ecosystem and the current private status of Soundcloud.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 50
NEUTRAL IMPACT
Sirius XM, which offers satellite and online radio services, could see an indirect impact from Soundcloud's sale.
Sirius XM's business could be indirectly influenced by Soundcloud's sale, but the company's primary satellite radio business may buffer any immediate effects.
CONFIDENCE 60
IMPORTANCE 30
RELEVANCE 40
NEUTRAL IMPACT
Spotify, a direct competitor in the music streaming market, could be impacted by Soundcloud's sale, depending on the new ownership.
Spotify, being a direct competitor, could be more significantly impacted by Soundcloud's sale, especially if a major tech or media company acquires it. The uncertainty of the buyer keeps the short-term impact neutral.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Tencent Music Entertainment, with its focus on the Chinese market, may see limited short-term impact from Soundcloud's sale.
Tencent Music Entertainment's primary market is China, which may insulate it from immediate impacts of Soundcloud's sale. However, global market shifts could have longer-term effects.
CONFIDENCE 70
IMPORTANCE 20
RELEVANCE 30