Sony Music Entertainment has officially confirmed that it has licensed SoundCloud, ahead of the launch of a subscription service in the US and other markets later this year. MBW broke the news of the deal yesterday, and Sony is the last of the three major record labels to agree terms. Sony will take equity in the streaming platform.
Tuesday 22 March 2016
Sony inks deal with SoundCloud
Sony Music Entertainment has officially confirmed that it has licensed SoundCloud, ahead of the launch of a subscription service in the US and other markets later this year. MBW broke the news of the deal yesterday, and Sony is the last of the three major record labels to agree terms. Sony will take equity in the streaming platform.
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