SoundCloud is known for being a great place to share music, podcasts, etc. Copyrights have prevented them from being a place to share music from the likes of major labels like Apple does w/ iTunes + Google does w/ Google Music. According to the folks over at Bloomberg, that may become a thing of the past.
Months ago, the SoundCloud team approached record labels for licensing deals and Bloomberg states that those deals are close to be finalized. Universal, Sony, & Warner Music would take a 3-5 percent stake w/ a piece of future revenue as well. Even without having access to music from the big labels, SoundCloud still has over 250 million users. They also just gained Sonos access as well.
How do you SoundCloud users feel about the pending deals? For better or for worse?
