SoundCloud announces ‘Fan-powered Royalties’
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 Program, Repost 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