SoundCloud and Universal Music agree licensing deal
News: 15th January 2016 by Louise Dodgson under Media, Music Publishing, Record Labels, Selling & Distributing Your Music
The second major label has signed a licensing deal with SoundCloud. Universal Music follows an agreement set up with Warner Music in 2014, and now only leaves major label Sony to get into bed with the online music platform.
The deals allow SoundCloud to legally host music by the label's artists, good news for the service which may have found itself with very little music to host if these deals had not been struck.
Notably SoundCloud have also recently agreed on a new licensing agreement with PRS For Music, when the organisation began legal proceedings to ensure that songwriters would be paid when SoundCloud unveils its subscription service, planned for later this year.
Related Links
http://www.factmag.com/2016/01/13/soundcloud-universal-agree-licensing-deal/
http://musically.com/2016/01/13/soundcloud-licensing-deal-universal-music/
http://www.musicbusinessworldwide.com/finally-universal-and-soundcloud-sign-a-licensing-deal/
Tags
soundcloud universal music licensing deal agreement, soundcloud prs for music deal agreement, major record label companies universal sony warner music, digital online music platform soundcloud
