Sony Music, SoundCloud getting into business togetherMarch 18, 2016 - 13:56 AMT PanARMENIAN.Net - After suffering huge money losses over the last year, SoundCloud has struck up a licensing deal with Sony Music, Digital Spy reports. As part of the deal, the streaming service will be launching a paid subscription fee and will have access to all of Sony Music's artists, according to The Verge. Although boasting users in excess of 175 million, SoundCloud has only been making 11.2 cents in profit per user. It has already cut deals with other major record companies as well as a host of independent labels, so it is hoped that Sony's involvement can help boost revenue. The move is a bit of a surprise after Sony Music pulled Adele and Kelly Clarkson's music off the site last year due to "a break in communications". Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations. |