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Chance The Rapper is Saving SoundCloud

Chance says the streaming platform is "here to stay".

After some frightening reports that SoundCloud only had enough money left to last another few months, it seems as if fans of the streaming platform can breathe a sigh of relief. Grammy winner and Chicago native Chance The Rapper has stepped in. He took to Twitter today after meeting with SoundCloud CEO Alex Ljung tweeting:

Lil Chano From 79th on Twitter

Just had a very fruitful call with Alex Ljung. @SoundCloud is here to stay.

Which was followed up with a tweet from the official SoundCloud Twitter:

SoundCloud on Twitter

airhorn* Spread the word: your music isn't going anywhere. Neither are we.

This is good news for fans of the streaming platform which allows musicians to post their music and users to share those songs much like Twitter users re-tweet tweets. The platform has been instrumental for allowing growing musicians and podcasts to easily share their audio among websites and social media. SoundCloud announced early this year that it had brokered a deal with music publishing companies to allow DJs to more easily use the platform to host their sets and remixes.