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.

In order to qualify for Premier, you must be an independent creator with a Pro or Pro Unlimited account and have at least 5,000 plays in the past month from SoundCloud-monetized countries (which, for now, is limited to the US, UK, Canada, Australia, France, Germany, Ireland, the Netherlands, and New Zealand). Your account can’t have any copyright strikes against it, and you have to be 18 years old (or age of majority in your country). Only original content will be accepted, but there are hints that, in the future, other content, like podcasts, remixes, and full DJ sets, will be considered. Any songs monetized with SoundCloud Premier are non-exclusive, and the creator retains all rights.

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.

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