SoundCloud deal with Sony, Warner, & Universal!

Standard

SoundCloud is my favorite music app/website & it’s becoming extremely popular!

soundcloud

#SoundCloud

According to recent news, SoundCloud is very close to striking a deal with “The Big 3”! I’m referring to the three major record labels of course:

Screen Shot 2014-07-11 at 11.07.10 PM

Sony Music Entertainment, Warner Music Group, & Universal Music Group!

The deal is meant to be an exchange OF licenses from the labels to SoundCloud so that they can avoid legal troubles FOR a 3%-5% stake in SoundCloud as well as a percentage of future revenue!

This really reminds me of the Shark Tank! HAHA 😀

shark_tank

#SeenEveryEpisodeTwice

SoundCloud is a unique website/mobile app that allows its users to record, upload, & promote their music!!! It is free to use and I’m pretty sure there isn’t even an option to pay!

The news today is that if SC is able to make a deal with the labels, they will be valuing their company at somewhere between 500 & 600 MILLION DOLLARS!!!

moving_cloudsThat’s one expensive cloud!

The deal is supposed to make it to where SoundCloud pays The Big 3 labels based on how many times a song is played until their revenue reaches a certain place where they can support themselves as well as provide extra profits for the labels!

SoundCloud is based out of Berlin, Germany and was meant to be purchased by Twitter earlier this year, but they have backed out of that potential deal now.

Screen Shot 2014-07-11 at 11.25.07 PM

I guess the early bird doesn’t always get the worm! HAHAHA

I’m really proud of them for coming this far and I honestly love using it on my phone! It’s a wonderful idea and a step away from streaming 🙂

Nicki Minaj even made a world premiere of her latest single “Pills N Potions” by using SoundCloud to debut it to her fans!!!

Nicki-Minaj-pills-360You must admit…that’s pretty cool!

I wish the very best of luck to you SoundCloud & I’m so impressed with your company!

10musers520

…and counting!

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s