SoundCloud promises to pay more artists

SoundCloud promises to pay more artists

SoundCloud promises to pay more artists. Last month SoundCloud reported that their profits were up by 43% by almost $28 million. The increase in profits is due in part to their new SoundCloud Go subscription service and the zealous increase in companies advertising with them.

It seems that the company is experiencing some financial stability and they are looking to spread that wealth around. SoundCloud promises to pay more artists now that they are doing a little better and that prospect is good news for all the independent artists using the streaming site.

Currently, SoundCloud has limited payouts to a select group of creators. These creators were all personally invited to participate in the premier partner program.

The eventual aim of the premier program is to make it accessible to all artists who make use of SoundCloud. Until this is a reality, the premier platform will continue to function on exclusive invites only.

SoundCloud shared the following statement…

“Today marks another milestone for our revenue sharing program. Over the past several months, our team has streamlined and further automated the steps and processes to setup creators in our revenue sharing program – enabling us to invite more people, faster. This means a significant and ongoing increase in the number of independent artists invited to make money from the work they share on SoundCloud.

The SoundCloud Go and advertising launches across a number of countries are powering increases in revenues, which in turn allow us to invite more independent creators to the Premier partner program to share revenue. While the Premier program will continue to be invite only for now, our goal to eventually open the program up to everyone who shares their work on SoundCloud hasn’t changed. If you’re interested in becoming a part of the SoundCloud Premier program, click here to let us know.

We’ve rolled out the new processes to a group of creators today. Over the coming months, we look forward to a more widespread rollout where we’ll invite more and more independent creators from around the world to join.”