Tuesday, 4 November 2014

Warner becomes first major label to strike licensing deal with SoundCloud

SoundCloud can finally say it's got the support of at least one major music label: Warner Music Group. The streaming site has signed a licensing agreement with Warner and will pay the label royalties whenever one of its songs is played on SoundCloud. Warner will also earn money if a song from its catalog is cut up and spliced into mashups on the site, according to The Wall Street Journal, where news of today's deal was first reported.
Warner was allegedly hesitant to sign any pact with SoundCloud until the company promised to deliver a premium subscription offering to consumers sometime in the first half of 2015. The free, ad-supported service that millions of consumers use every month will remain available, though we don't yet know...
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