Last week, components of SoundCloud’s Premier monetization program got here beneath fireplace in an unique investigative report from the Verge. The report said that most of the components of the contract have been downright unhealthy for artists.
In response to the widespread criticism of the contract, SoundCloud has up to date the phrases and made it extra clear and related to immediately’s requirements.
“While nothing modifications in the best way we function this system,” SoundCloud stated in an electronic mail to Your EDM, “we’ve up to date the unique settlement to make sure it’s clear, and eliminated any language which may be pointless within the open service now we have now. This contains the removing of the outdated covenant to not sue language that was a part of our earlier invite-only settlement.”
SoundCloud continues in a weblog publish entitled “Clarifying the SoundCloud Premier settlement”:
To be clear, this up to date settlement doesn’t change the best way we already function SoundCloud Premier immediately:
- You retain the entire rights to your content material
- You obtain a professional rata share of 55% of internet income
- You are paid for every calendar month inside 45 days of the top of that month, no matter how a lot you earn
- You have the liberty to exit this system everytime you want, and may all the time use every other platform alongside SoundCloud
You can see the total revised contract offered to Verge by Golf Clap beneath.