Posted by Glen Sears | January 19, 2016 10:47 am | No Comments
Story of the Week
Soundcloud Strikes Licensing Deal With Universal Music Group
The agreement covers SoundCloud’s planned expansion of advertising on its free service, which has 175 million monthly listeners, as well as its plans to introduce subscription services in the US and other markets later this year.
“At UMG, we have long embraced empowering entrepreneurs and innovative services such as SoundCloud,” said Universal chairman and CEO Lucian Grainge, in a statement. “With this partnership, we’re ensuring recording artists, songwriters and labels benefit, both creatively and commercially, from the exciting new forms of music community engagement on SoundCloud. We look forward to working with SoundCloud and supporting the company’s evolution into a successful commercial service.”
SoundCloud now has deals with Universal and Warner; with indie-labels licensing agency Merlin; with the National Music Publishers Association (NMPA) in the US and with PRS for Music in the UK – having settled the latter’s recent copyright infringement lawsuit. The Universal deal, like those other agreements, covers tracks added to SoundCloud by labels and artists, but also user-generated content: remixes and mash-ups, which have been both one of the key attractions of SoundCloud for music fans, and one of its biggest headaches from a copyright perspective.
Read more on Music Ally
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