SoundCloud is my favorite music app/website & it’s becoming extremely popular!
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:
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 😀
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!!!
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.
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!!!
I wish the very best of luck to you SoundCloud & I’m so impressed with your company!