Kori Hale in Forbes:

SoundCloud’s new Premiere distribution channel should streamline the money artists receive from various platforms, and help monetize their music through a revenue sharing program. By Investing in tools artists need, CultureBanx reported they can offer more value and potentially become a more profitable company, instead of trying to directly compete with Apple Music and Spotify.{…}

SoundCloud won’t take a cut of the payouts artist receive from the other music streaming services. The new distribution tool will be available to eligible SoundCloud Pro $6/month and SoundCloud Pro Unlimited $12/month subscribers.

As MusicAlly reported, SoundCloud’s distribution engine is powered by FUGA. I can’t imagine FUGA isn’t taking a cut, so my guess is that SoundCloud won’t take anything off the net received from FUGA. If SoundCloud is selling this as if artists will get the full distributor percentage from Spotify and Apple Music it’s disingenuous. Does anyone know the deal?

🔗→ SoundCloud’s Urban Culture Streams Into Spotify & Apple Music