Soundcloud announced yesterday that artists will be able to start making money off of mixes and remixes, a feature that was previously unavailable. As of yesterday the streaming platform has expanded it’s invite only revenue sharing system to include channels that upload “recorded and live sets, remixes, and other user-generated content.”
Soundcloud has had many public battles with labels and artists about not paying licensing fees for copyrighted content that has been uploaded to the site. In 2014 the site launched it’s revenue sharing for the first time allowing their premier members to be able to monetize their streams. To date there are very few premiere partners but some include Chance The Rapper, StarRo, 21 Savage and more. As of now the Premier partnership is still invite only, but you can request to be a partner here.
“Revenue that’s generated through ads and subscription payments by consumers is divided up and paid out based on how content is consumed,” SoundCloud’s Chief Content Officer said. Although he did not specify the exact metrics used to determine how much artists will get paid, he said that payments are based on “share of engagement” and “listening time.”
With this news plus the report of Soundcloud increasing revenue last year, it looks like Soundcloud is moving in the right direction.