Sony Music, SoundCloud getting into business togetherMarch 18, 2016 - 13:56 AMT PanARMENIAN.Net - After suffering huge money losses over the last year, SoundCloud has struck up a licensing deal with Sony Music, Digital Spy reports. As part of the deal, the streaming service will be launching a paid subscription fee and will have access to all of Sony Music's artists, according to The Verge. Although boasting users in excess of 175 million, SoundCloud has only been making 11.2 cents in profit per user. It has already cut deals with other major record companies as well as a host of independent labels, so it is hoped that Sony's involvement can help boost revenue. The move is a bit of a surprise after Sony Music pulled Adele and Kelly Clarkson's music off the site last year due to "a break in communications". Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | European Parliament to discuss repression in Azerbaijan The European Parliament will discuss repression of civil society in Azerbaijan on April 24 PACE wants concessions from Azerbaijan to accept Baku back A PACE co-rapporteur said that Azerbaijani authorities must make certain concessions so that the country can return to PACE. Cyprus parliament honors Armenian genocide victims Acting House President Zacharias Koulias noted that April 24 marks the “black anniversary” of the Armenian genocide. Armenia PM, France envoy discuss regional matters Issues related to the consistent development of Armenia-France cooperation were discussed. |