SOUNDCLOUD DOING A DEAL WITH RECORD LABELS NOT TO GET SUED

[Regnas]

Soundcloud caused controversy recently by letting Universal Records delete content and now it's becoming clear why. Soundcloud, Universal, Sony and Warner are said to be on the cusp of a deal, one in which the music hoster gives the labels royalties and up to 15% of its business in exchange for not getting sued.

More info:
http://torrentfreak.com/soundcloud-doin ... ed-140711/