Soundcloud pursuing 'big label' licensing deals following funding injection
Following a $60 million investment, Soundcloud is in discussions with 'big music labels' regarding licensing their songs.
That's according to reports from Wall Street Journal and re/code that suggest Soundcloud has been quiet for a while about the cash injection that was finalised last year - which has led it to be valued at $700 million - so that it didn't bump up the price of label licensing deals during early negotiations.
SoundCloud has reportedly raised $60 million in its ...
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