Coming after widespread reports that SoundCloud was on it’s way out the door, which the streaming service, home to one of the largest collections of unsigned music , has denied , looks like Chance the Rapper might’ve saved the day.
On Thursday, the rumor mill was a buzzing, that SoundCloud had 50 days until complete bankruptcy, Chance, one of thousands of rappers who credits SoundCloud with some of his earliest success, the artist cryptically tweeted that he was “working on [it].” He then announced today (7/15/17) that he had a “very fruitful” phone call with SoundCloud co-founder Alex Ljung, who revealed just last week that SoundCloud had slashed its staff nearly in half to stay financially afloat and remain independent. The apparent result of that call, according to Chance: “SoundCloud is here to stay.”
I’m working on the SoundCloud thing
— Lil Chano From 79th (@chancetherapper) July 13, 2017
Just had a very fruitful call with Alex Ljung. @SoundCloud is here to stay.
— Lil Chano From 79th (@chancetherapper) July 14, 2017
If the reports or hints that Chance may have helped the Company are true or not, no conformation from Soundcloud for that, as the Company flat out denies it was experiencing any Financial trouble, “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,” he wrote. “Not in 50 days, not in 80 days or anytime in the foreseeable future. Your music is safe.”
*airhorn* Spread the word: your music isn’t going anywhere. Neither are we.
— SoundCloud (@SoundCloud) July 14, 2017
A Soundcloud spokesman told the Website Vulture, that the phone call to Soundcloud co-founder was in fact just and inquiry into the rumors and Chance’s Tweet was a reflection of the conversation.
Listen to Chance’s latest single “Big B’s” (Big Business) featuring Young Thug below.