Sources close to the deal told Digital Music News that the record company ‘doesn’t want to do the deal with PRS suing’.
UMG and Soundcloud were thought to be ‘days away’ from cementing a relationship but the legal dispute is driving the company’s decision to stand back, according to sources close to the deal.
Soundcloud remains partners with Warner Music Group, but had yet to secure a deal with Sony Music Entertainment.
Last month, PRS for Music contacted its songwriter, composer and publisher members to advise them of legal action it’s taking against SoundCloud.
Read the organisation’s full statement to members.
UMG and Soundcloud were thought to be ‘days away’ from cementing a relationship but the legal dispute is driving the company’s decision to stand back, according to sources close to the deal.
Soundcloud remains partners with Warner Music Group, but had yet to secure a deal with Sony Music Entertainment.
Last month, PRS for Music contacted its songwriter, composer and publisher members to advise them of legal action it’s taking against SoundCloud.
Read the organisation’s full statement to members.
