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JUL 14, 2014 - Business Insider

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SoundCloud, The Music Startup Twitter Almost Acquired, Is Reportedly Negotiating Deals With Major Record Labels To Avoid Getting Sued

SoundCloud is reportedly in talks with a number of major record labels, including Universal Music Group, Sony Music Entertainment, and Warner Music Group. SoundCloud, sometimes referred to as the "YouTube of music," lets people upload and share songs. SoundCloud is now negotiating for licenses to play songs from those major labels, Bloomberg reports. That's likely because some of the songs on SoundCloud have been uploaded without the owners' permission, which leaves the door open for legal disputes. SoundCloud would reportedly give each label anywhere from a 3% to 5% stake in the ... Read More

Tags: SoundCloud, The Music Startup Twitter Almost Acquired, Is Reportedly Negotiating Deals With Major Record Labels To Avoid Getting Sued,  Beats Electronics Latest News