Patrick Moxey: 'SoundCloud won't be paying out anything significant for years'


Ultra Music boss Patrick Moxey has delivered a reality check to artists and labels still hoping to earn a decent amount of cash from their music being listened to on SoundCloud.

The unlicensed music platform has long been a source of contention in the music industry for not passing on its profits to the artists that make the music it streams. According to Moxey, who was interviewed on stage today at IMS in Ibiza, that doesn't look to be changing ...

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