A major deal is in the works between music service SoundCloud and the record labels.
The deal, which could close this month, will give the major record labels stakes in the service in return for not suing over copyright violations.
Each label (Universal, Warner and Sony) will receive between a 3-5 percent stake, as well as a percentage of future revenue in the startup. The deal will ... [ read the full article ]
Please read the original article before posting your comments.
Quote: ...the service is very different than other catalogs like Spotify or Rdio because most of the content is user-uploaded and not copyright music.
Your saying that most of the content is user created!?!
So the major lables get to have their cake and eat it too?
Interesting catch, and i wonder if one reads the "fine print" on the site i wonder if there is an agreement that anything uploaded the record companies from then on have an implied percentage of any money/royalties for such material...
Quote: ...the service is very different than other catalogs like Spotify or Rdio because most of the content is user-uploaded and not copyright music.
Your saying that most of the content is user created!?!
So the major lables get to have their cake and eat it too?
Interesting catch, and i wonder if one reads the "fine print" on the site i wonder if there is an agreement that anything uploaded the record companies from then on have an implied percentage of any money/royalties for such material...
There is a great doco Terms-And-Conditions-May-Apply
I starting to think this aspect of the internet should be heavily regulated.
Facebook has something like a book's worth. One place even put in their T&S that you were 'signing over your soul in perpetuity'. Got over 700 souls before they took it down.
