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SoundCloud announces ‘Fan-powered Royalties’

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This week, SoundCloud has announced an upgrade to their artist royalties through their two payment options SoundCloud Premier and Repost Network. They are calling this ‘Fan-powered Royalties’, which sounds cool.

Independent artists who monetize directly with SoundCloud are eligible for fan-powered royalties. These artists include Pro Unlimited subscribers in the Premier ProgramRepost by SoundCloud subscribers and members of Repost Select.

They say “Fan-powered royalties are a more equitable and transparent way for independent artists who monetize directly with SoundCloud to get paid. The more fans listen on SoundCloud, and listen to your music, the more you get paid.”

Under the old model, money from your dedicated fans goes into a giant pool that’s paid out to artists based on their share of total streams. That model mostly benefits mega stars. Under fan-powered royalties, you get paid based on your fans’ actual listening habits. The more of their time your dedicated fans listen to your music, the more you get paid. This model benefits independent artists.\

When does it start?

They are pushing this through quickly to help the struggling artist. Fan-powered royalties will replace the old model beginning April 1, 2021. Premier artists will receive their first statement in May 2021, as Premier runs on a 45-day payment cycle. Repost artists will receive their first statement in June 2021, as Repost runs on a 60-day payment cycle.

There is more info on https://community.soundcloud.com/fanpoweredroyalties

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Grahame Farmer

Grahame Farmer’s love affair with electronic music goes back to the mid-90s when he first began to venture into the UK’s beloved rave culture, finding himself interlaced with some of the country’s most seminal club spaces. A trip to dance music’s anointed holy ground of Ibiza in 1997 then cemented his sense of purpose and laid the foundations for what was to come over the next few decades of his marriage to the music industry.

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