SoundCloud inks cope with Sony Music as streaming service looms
Again in January, SoundCloud and Common Music Group got here to phrases on a licensing deal and now the favored music website has inked one other settlement. SoundCloud introduced at present that it has a deal in place with Sony Music Leisure, which signifies that the corporate now has agreements will all three main labels. In late 2014, the audio repository revealed its licensing cope with Warner Music Group and added 20,000 indie labels final summer time after hashing out royalty phrases with Merlin.
SoundCloud got down to lock down licensing agreements after coming beneath scrutiny for internet hosting songs that violated copyright legal guidelines. The corporate has additionally mentioned its plans to launch a streaming service a number of occasions. That was anticipated to occur in 2015, however particulars stays scarce on each options and an arrival date. The press launch saying the settlement with Sony Music mentions “the introduction of subscription providers within the US and different markets later this yr,” however declines to supply any additional information. It is potential that a pending cope with Sony was inflicting the delay, so we might be listening to official phrase on the subscription plans quickly sufficient.