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. 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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