Per: The Verge
SoundCloud announced that it is opening up its direct monetization program to the public, finally giving most artists the ability to make money off of the platform. The program, called SoundCloud Premier, was created four years ago but has been limited to an invite-only beta until now. SoundCloud’s self-monetization move follows Spotify’s recent announcement that it would begin letting indie artists make money off of songs that are self-uploaded to its platform.
As far as what the payout structure looks like, SoundCloud’s press release says it is offering a “leading revenue share” that “meets or beats any other streaming service,” with artist payouts occurring monthly. Participation in Premier is free (outside of the required subscription), and eligible uploaded tracks are immediately available to be monetized.