SoundCloud raise $70 million in debt funding following “uncertainty”

SoundCloud have managed to acquire a massive $70 million in loan funding, earlier than their 2015 accounts predicted they would need to raise funds.

According to new filings with the Companies House in the UK SoundCloud just raised $70 million in funding for their open music streaming platform. The documents revealed that SoundCloud had raised the loan from Kreos Capital’s fifth debt fund along with the Davidson Technology Growth Debt Fund.

SoundCloud predicted in their 2015 accounts that they wouldn’t have sufficient funds by the end of 2017, and even predicted that it could be earlier – as it was. They said in 2015:

“Whilst the directors believe that the group will have sufficient funds to continue to meet its liabilities through 31 December 2017, the risks and uncertainties may cause the company to run out of cash earlier than that date, and would require the group to raise additional funds which are not currently planned. These matters give rise to a material uncertainty about the group’s ability to continue as a going concern.”

It was only last January 2016 that SoundCloud last raised a round of debt funding, raising roughly $35 million from Tennenbaum Capital Partners. Later last year in June, SoundCloud went on to another round of funding which featured major contributor Twitter Ventures, investment firm for Twitter, raising $70 million from Twitter Ventures as part of a $100 million round.

SoundCloud haven’t responded for a comment so far.

Drake’s back taking over all of the streaming services with record breaking ‘More Life’ record

Just weeks after Ed Sheeran managed to shatter streaming records with his new album on Spotify, Drake is back to take his rightful place as the music streaming king.

Drake has taken back his rightful spot as the all-dominating commandeer of music streaming with his new “playlist” More Life destroying records in it’s first day. In the past Drake has managed to break streaming records and has spent a considerable amount of time as the top artist on music streamer Spotify.

Despite racking up an incredible 61.3 million streams on it’s first day on Spotify, it was surprisingly fresh competitor Apple Music which saw the most dedicated Drake fans. Drake’s new More Life “playlist” (Drake says it’s not an album) smashed the single-day album streams record on Apple Music racking up 89.9 million playthroughs in it’s first 24 hours on Apple’s music streaming service.

Whilst it’s impressive, Drake’s ridiculous success is par for the course with each new release with 2 years at the top of Spotify and over 3 billion streams made on ‘Views’, Drake’s album last year. What is perhaps more notable is that Apple Music was the primary platform for Drake’s new release despite his monumental influence on Spotify.

Whilst last year’s release ‘Views’ was released exclusively on Apple Music for it’s first week, More Life was released across all services. Perhaps it was Views’ limited exclusivity on Apple that’s given them the edge with Drake, but with less than half of Spotify’s 50 million subscribers and far more free users it’s a significant win for Apple. Drake also has an exclusive radio show, OVO Sound Radio, on Beats 1 – Apple’s exclusive online radio platform, which likely helped his Apple success.

More Life comes just weeks after Ed Sheeran’s new album ‘÷’ released to massive success, breaking streaming records himself across Spotify and YouTube. For the past few years streaming has been led either by Drake or Sheeran with phenomenal success, and Drake’s taken the top spot straight back from Sheeran and his own last album.

Arturia Beatstep Pro: step sequencer / controller review and hands-on performance

Arturia have been making some really interesting gear in the past few years, from analogue synths and drum machines such as the Mini/Micro & DrumBrute, to very impressive modular systems like the Matrixbrute. Wherever Arturia decides to focus their attention exciting things seem to happen, and the Beatstep Pro is certainly no exception.

The Beatstep Pro (BSP) acts as a controller, performance sequencer and composing tool all at once.  You have the ability to easily connect and sequence multiple hardware and software instruments, a problem that is often faced by music producers and performers. The BSP can be used as either a brain, slave or controller with a huge array of gear, meaning it can be the heart of your setup, or just a sideline controller. You can even use it without the aid of a laptop. 

Arturia Beatstep Pro sequencer controller MIDI music equipment drum machine DAW productionFirst Look

The first thing you notice about the BSP is just how swish this bit of kit is. The sleek design coupled with the crisp white finish is enough to get any hardware fanatic excited. And it doesn’t just look good either, the build quality is exceptional. The BSP is compact but solid, making it ideal for lugging around from venue to venue.


Off the bat, you can see three channels named drums, sequencer 1, sequencer 2 and an additional control mode on top. The original BeatStep only had the ability to create one monophonic sequence at a time, so the possibility to create 3 separate sequenced lines already sets this device apart from its predecessor.

Arturia Beatstep Pro sequencer controller MIDI music equipment drum machine DAW productionTo the left of the channels you have a number of buttons and knobs that allow you to adjust project parameters and control the inner workings of the BSP. You also have a touchpad ‘roller/looper’ which might be one of my favourite features. It acts as a slicer tool that cuts and replays part of the loop in a very effective way; a feature you might find on certain DJ programs and devices.


Like the first BeatStep, to the right you will find 16 velocity sensitive pads with aftertouch and 16 rotary knobs. What Arturia have cleverly done with the BSP, is sandwiched an extra 16 on/off buttons in between these sections. These are used for displaying where you are in a sequence, adding notes and adjusting a number of various control features. The BSP also comes with a nifty program called midi control center; from here you can edit built in default parameters, edit/save/backup projects as well as loads of other convenient features.

On the back you will find a satisfying number of output choices, these consist of;

  • Sequencer 1 – Pitch, Velocity & Gate
  • Sequencer 2 – Pitch, Velocity & Gate
  • Drum Gates – 1 – 8
  • Clock – In/Out
  • Midi – In/Out
  • Micro USB

Arturia Beatstep Pro sequencer controller MIDI music equipment drum machine DAW production

Once you delve into the full connectivity options, you begin to realise the endless combination of equipment arrangements available. This makes the Beatstep Pro attractive to a wide variety of electronic music producers and performers. Simply having the ability to sequence multiple instruments from one device is a huge asset for live electronic performance, and can also be used as an incredibly efficient composition tool.


Step Into The Box

With the BSP comes a quick guide to setting up and basic features,Arturia Beatstep Pro sequencer controller MIDI music equipment drum machine DAW production however I would strongly recommend downloading the manual from Arturia’s website, particularly if you are new to step sequencers. There is also an array of interesting looking cables and adapters which I have listed below:

  • 2X Midi – 3.5mm jack adapter (grey)
  • 1X Midi – 3.5mm jack adapter for clock input/output (black)
  • 1X USB – Mini USB
  • 1 X Y shaped anti-ground-loop adapter

This combination of cables allows you to hook up a variety of kit, and with the addition of CV (control voltage) and gate cables you can play with just about anything. I put the BSP through its paces to see just how well it coped when dealing with a number of different signal outputs. A list of the gear I tested with the Beatstep Pro is included below,  as well as a link to a performance showing off its capabilities.


Taking Steps To Get Connected

After plugging in the cables to various devices, I was amazed at how  easy it is to connect up everything I had; admittedly I did have to refer to some troubleshooting forums for one or two things. I found that when you hook up certain analogue synths, it causes the pitch to jump up by an octave or two. I believe this is caused by the CV signal output being disrupted and selecting the wrong default midi note. After a quick google I found a video link on Arturia’s website that had a fix. I had to to go into the midi control center and change the default midi note to my desired pitch.

I also found mild latency issued when running through a DAW (Ableton), however this can be fixed by adjusting the output buffer size in Ableton’s audio settings. Despite minor connectivity problems, the BSP smashes other step sequencers out of the water for simultaneously sequencing multiple hardware and software devices.



The 16 MPC like drum pads can be used to record notes or be played as a standalone synth or drum rack. As mentioned earlier the 16 on/off pads can be used to manually write in notes or change a number of extra features when the shift button is held down. Above these pads you you’ve also got 16 rotary knobs which can edit pitch, gate or velocity for sequencers 1 & 2. When the drum channel is selected they affect shift, velocity and gate.

When in ‘control mode’ the rotary knobs have some very handy features including the ability to midi map the rotary knobs and selected buttons. You can chose to arrange maps or use the ‘Macki Control’ setting for a pre-set arrangement. I found that by midi mapping knobs and buttons to mute, record and various effects within Ableton, I was able to control my performances almost entirely via the BSP.  

Arturia Beatstep Pro sequencer controller MIDI music equipment drum machine DAW production

As previously mentioned the ‘roller/looper’ is a truly great element of the control surface and I had endless fun playing around with it. Alongside this feature you have three separate rotary knobs labeled ‘swing’, ‘random’ and ’probability’, with these you can tweak rhythms and swing. If used tastefully you can create some interesting results, however depending on the current rhythm being played, too much can cause confusing and incoherent rhythms.

Once you get to grips with general functionality, the BeatStep Pro is a very intuitive piece of kit. I really enjoyed playing around with different loops created from hardware instruments, then using my Ableton Push to build other loops and clips on top. Personally I found this to be a great process for developing live sets and creating tracks based around simple looped hooks.



When it comes to electronic music hardware I am a bit of a spontaneous buyer.  I see something I really like… I want to buy it immediately. This in turn can cause issues when I  try to integrate something new into my setup. It’s great having a lovely piece of kit, but if it doesn’t talk the same language as your other gear it’s going to be a nightmare to arrange in a playable format. This is where I feel the BSP raises the bar for step sequencers.  It really doesn’t matter what equipment you’ve got, the BSP will find a way to integrate into your arrangement.

Although it came out nearly 2 years ago, the BeatStep Pro maintains a solid buzz of excitement from musicians and producers of all kinds. And based on the ratio between what the device can do in conjunction with what it costs, it’s really not surprising. You can own one of these for just over $250 (£200) which is considerably cheaper than its competitors. You just don’t find control surfaces with as much functionality as the BSP for under $400, Arturia have found a way of producing a sophisticated and durable product that the masses can afford.  

What does it for me is the fact that it doesn’t matter whether you are using hardware or software, Midi or CV, the BSP will talk its language and know what to do with it. Personally I wouldn’t refer to the BeatStep Pro as a sequencer or a controller, but as a mechanical chameleon that can combine your devices into one super-control surface.

Arturia Beatstep Pro sequencer controller MIDI music equipment drum machine DAW production


Getting Hands on with Beatstep Pro

For this video my setup included:

  • Arturia Beastep Pro (Brain)
  • Arturia DrumBrute (Midi)
  • Arturia MiniBrute (CV)
  • Korg Kaoss Pad KP3 (effects module for MiniBrute)
  • Ableton Push
  • Ableton (DAW)

If you are interested in finding out more or purchasing one of these badboys you can check it out on Arturia’s website –

WIN reveal new in-depth report on music charts around the world

A new report from the Worldwide Independent Network (WIN) have produced the first ever global analysis of music charts with some fascinating results.

WIN are an organisation that represents the international music industry in order to protect and act towards their best interests. Their latest study is a world first report that looks at the data of music charts around the world.

The study takes some information from independent music associations from 28 countries, including; China Brazil, South Africa and the US. The rest of their data is taken from WINTEL and the IFPI’s RIN which features information on the values of each market, country populations, market share split between independent music and major labels, and more.

The most notable findings in the report are listed below:

  • The UK appears to have the model that most developed markets base their current streaming conversion formula on.
  • Sweden was the first country in the world to include streaming into their chart calculation. 128.1m of their total 182m (or 70%) recorded music revenue derive from subscription streams.
  • There is little or no appetite in China for official charts, however individual services do publish their own. In the calculations/methodology, social media platforms like WeChat and Weibo play a huge part. They are monitored for shares, likes and comments. This data is used as part of the chart calculations.
  • Most countries operate with a 100/150 track streams = 1 track download basis. This is often multiplied by 10 to find the stream to album download/physical purchase ratio.
  • A significant proportion of markets have more complicated calculations for albums (for example, the top two tracks from an album may be averaged out to represent the average number of streams, so to avoid ‘one hit wonders’ topping the charts).
  • RIM in Malaysia is proposing changing its stream to album download ratio to 4,500 track streams = 1 album download.
  • Ringback tones are still a very relevant business model in especially Asian countries including Malaysia, China and Japan
  • Many countries have yet to incorporate streaming into their charts, such as Italy, Brazil and Poland.

WIN CEO, Alison Wenham said: “WIN Global Chart Report 2017 provides the first ever global overview of chart reporting, making available important market intelligence and insight. As the music industry evolves towards becoming a truly global marketplace it is vital that we have an in-depth understanding of how different territories collate sales information and measure success.

“This new study will also serve as a valuable tool in our ongoing mission to protect the interests of the global independent music community and to ensure fair access to markets and level playing fields for independent music around the world.”