It is now looking to finance the Slacker acquisition through a public re-listing, which aims to raise as much as $100 million, and notes that the acquisition may not close if the listing doesn’t go as planned. podcast weekly boss office crouch worker workers office job office jobs insider work time slacker overtime podcasts weekly podcast weekly podcasts bosses. The company only reported $225,000 in revenue for its fiscal year ending March 31, and losses of $14.2 million. In den Slacker & Steve Podcast kostenlos online reinhören und hier abonnieren. LiveXLive now agreed to buy Slacker for $44 million in cash and $6 million in stock, but it’s worth noting that LiveXLive doesn’t actually have that much cash on hand. Indulge your inner curiosity with caller driven conversation that makes you feel like you’re part of the conversationor even better, eavesdropping on someone else’s drama. Without mentioning Samsung by name, Slacker’s financials show contractual payments totaling around $10 million in 20 - payments that “concluded in 2016,” as the filing states.Īll of this goes to say that Slacker’s finances were looking pretty bad for 2017 and beyond, making it hard for the company to survive on its own. Slacker had been the backbone of Samsung’s Milk Music, which the consumer electronics giant closed in 2016. At one point, Slacker also aimed to enlist YouTubers and other online celebrities as curators.īut the real money-maker for Slacker had long been to strike deals with mobile phone operators to bundle Slacker, and deals with other companies to power their services. Founded in 2003, Slacker changed its strategy multiple times over the years, bouncing back and forth between focus on free radio and a paid on-demand service.
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