BERLIN (AP) — SoundCloud said Thursday that it will start paying artists and record companies whose music is played on the popular streaming site, a move that will bring it in line with competitors such as YouTube and Spotify.
Berlin-based SoundCloud boasts some 175 million unique listeners a month, but so far those who upload tracks to the site haven’t received money. To fund the payments SoundCloud is introducing ads, the revenue from which will be shared with musicians and rights holders.
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