MOSCOW (Sputnik) – German-based SoundCloud music platform stated on Tuesday it launched a brand new cost system underneath which unbiased artists will achieve royalties based mostly on the variety of their precise listeners, thus the funds that customers pay for a subscription might be equally divided among the many artists they pay attention to.
“Today we’re introducing fan-powered royalties — a more fair and transparent way for artists to earn money on SoundCloud … With fan-powered royalties, the money made from dedicated listeners goes directly to the artists they listen to, so it benefits rising independent artists,” SoundCloud wrote on Twitter.
The music platform added that unbiased artists had been calling for the introduction of such a cost system for a very long time, and the Sound Cloud turned the primary to undertake it.
“Fan-powered royalties are what independent artists across the industry have been asking for — and as an artist-first platform, we’re excited to be the first music company to roll it out,” SoundCloud stated.
According to its web site, SoundCloud is taken into account to be the world’s largest music platform that allows its customers to add, share and pay attention to music compositions.