SoundCloud and Universal Music Agree to Licensing Deal

SoundCloud, a streaming music site that has clashed with the music industry as it grows more popular, has struck a long-awaited licensing deal with the Universal Music Group, the giant record company whose roster of hit acts includes the Weeknd, Sam Smith and U2. The deal, to be announced Wednesday, will give SoundCloud access to […]

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SoundCloud strikes licensing deal with Universal Music

SoundCloud has now struck a deal with Universal Music, which will allow the service to make money from its 175 million monthly users. This deal not only covers tracks uploaded to the service by artists/labels, but also user-generated content such as remixes and mash-ups as well. However, financial terms of the deal were not disclosed. According […]