SoundCloud Says They’ve Paid $1 Million in Ad Revenue in Six Months
At the end of August 2014 SoundCloud announced a new partnership program that would allow the most popular users to monetize tracks with advertisements.
Six months later SoundCloud says they’ve paid out $1 million in advertising revenue to just over 100 partners.
These partners include Fool’s Gold Records, Fullscreen, and Maker Studios.<!–/*
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SoundCloud is effectively helping companies further blur the line between massive corporation and arts patrons. But in a world where major labels aren’t acting in artists’ best interest, is this necessarily a bad thing?
On the other hand, SoundCloud allegedly tried to force crappy deal terms on indie labels, while providing favorable terms to major labels.
Nina Ulloa covers breaking news, tech, and more: @nine_u
The post SoundCloud Says They’ve Paid $1 Million in Ad Revenue in Six Months appeared first on Digital Music News.
Source: Industry News
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