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Business & Lifestyle

Online music service SoundCloud saved by $170 million investment

BERLIN (UPI) -- Digital music service SoundCloud will continue to operate following a new investment round. SoundCloud founder Alexander Ljung confirmed the music-sharing platform is "isn't going away" after being boosted by a $169.5 million investment from The Raine Group and Temasek. The Germany-based service had fallen on financial difficulties in recent times. Soundcloud disclosed steps it would take to cut its overhead costs last month, which included 173 layoffs. "I'm happy to announce that together with investors The Raine Group and Temasek we've just […]

todayAugust 12, 2017 23

Business & Lifestyle

Disney to pull content from Netflix, start streaming service in 2019

BURBANK, Calif. (UPI) -- Disney on Tuesday announced it will remove its content from Netflix and begin its own streaming service in 2019. "The new Disney-branded service will become the exclusive home in the U.S. for subscription-video-on-demand viewing of the newest live action and animated movies from Disney and Pixar, which includes Toy Story 4, the sequel to Frozen, and The Lion King from Disney live-action, along with other highly anticipated movies," Disney said in a press release. Disney's Marvel TV shows like Luke Cage and Jessica Jones are expected to […]

todayAugust 8, 2017 27

Business & Lifestyle

Possible ‘FAKE NEWS’ service? Facebook plans subscription service for news articles

Allen Cone, United Press International Writer MENLO PARK, Calif. (UPI) -- Facebook plans to launch a subscription service for news stories, possibly testing the change as early as October. Campbell Brown, the head of the social media giant's news partnerships, said Facebook is working on the news product, which would have a paywall. "We are in early talks with several news publishers about how we might better support subscription business models on Facebook," Brown told TechCrunch in a statement. "As part of the […]

todayJuly 19, 2017 83

Business & Lifestyle

Davidsmeyer remembers fallen law officers at memorial service

State Representative CD Davidsmeyer (R-Jacksonville) said after attending a Springfield ceremony for fallen law enforcement officers recently that he "prayed for the day" when no more names are added to the Illinois Peace Officer Memorial Service. "It was an honor to watch the ceremony for fallen law enforcement yesterday in the State Library," he said in a statement. "Unfortunately, names are added to the state memorial every year, so I have attended many on the lawn of the Capital over the years. […]

todayJune 13, 2017 78

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