Sony/ATV Music Publishing, the world's leading music publisher, and SoundCloud, the world’s largest music and audio platform, have announced a new deal for Europe.
According to the publisher, this will enable new creative, commercial and promotional opportunities for Sony/ATV’s catalogue.
The direct publishing agreement means Sony/ATV’s songwriters will be able to generate revenue every time their songs are played on the platform by SoundCloud’s audience of 175 million monthly listeners.
The music streaming and subscription service has partnered with Sony/ATV in the US since the launch of its monetisation efforts in 2014.
Martin Bandier, Sony/ATV chairman and CEO, said: ‘These deals for the US and Europe create the best opportunity for Sony/ATV and its songwriters to maximise the creative and revenue benefits of SoundCloud’s multi-territory business.
‘We are particularly excited about the launch of the paid-for subscription service, which will provide the best business framework for our roster and allow Sony/ATV to take advantage of SoundCloud’s significant user base.’
Alexander Ljung, SoundCloud founder and CEO, said: ‘Our multi-territory partnership with Sony/ATV means even more benefits for the creator community on SoundCloud, which now numbers over 12 million heard each month.’
‘Our agreements with major partners are a significant part of achieving our ambition of allowing all forms of creative expression to live on our platform, while simultaneously ensuring rightsholders’ work is rewarded and respected. As such, we’re delighted to reaffirm our relationship with Sony/ATV.’
Following a legal dispute, PRS for Music and SoundCloud signed a licensing deal in December of last year. Read our news story on the agreement.
According to the publisher, this will enable new creative, commercial and promotional opportunities for Sony/ATV’s catalogue.
The direct publishing agreement means Sony/ATV’s songwriters will be able to generate revenue every time their songs are played on the platform by SoundCloud’s audience of 175 million monthly listeners.
The music streaming and subscription service has partnered with Sony/ATV in the US since the launch of its monetisation efforts in 2014.
Martin Bandier, Sony/ATV chairman and CEO, said: ‘These deals for the US and Europe create the best opportunity for Sony/ATV and its songwriters to maximise the creative and revenue benefits of SoundCloud’s multi-territory business.
‘We are particularly excited about the launch of the paid-for subscription service, which will provide the best business framework for our roster and allow Sony/ATV to take advantage of SoundCloud’s significant user base.’
Alexander Ljung, SoundCloud founder and CEO, said: ‘Our multi-territory partnership with Sony/ATV means even more benefits for the creator community on SoundCloud, which now numbers over 12 million heard each month.’
‘Our agreements with major partners are a significant part of achieving our ambition of allowing all forms of creative expression to live on our platform, while simultaneously ensuring rightsholders’ work is rewarded and respected. As such, we’re delighted to reaffirm our relationship with Sony/ATV.’
Following a legal dispute, PRS for Music and SoundCloud signed a licensing deal in December of last year. Read our news story on the agreement.
