18:35Machine-translated from Azerbaijani by AIRead in Azerbaijani
SoundCloud to Start Selling Music
SoundCloud is preparing to introduce a new feature that will allow musicians to sell their own songs directly to listeners through the platform. This means users will no longer have to switch to other platforms such as Bandcamp to buy music they like. The new feature will initially be beta-tested among 200 Artist Pro subscribers in the US. SoundCloud said the feature will become available to more musicians in the fall.
Once the feature is launched, listeners will be able to purchase any song from a musician’s SoundCloud profile and add it to their personal collections. Musicians will be able to choose the digital formats in which they sell their songs. One key point is that SoundCloud will not charge a commission on sales. In other words, the platform will not receive a separate share of the revenue generated by song sales. However, musicians will be responsible for payment-processing fees and local taxes. Musicians will be able to track sales figures through SoundCloud’s Artist Studio and Fan Support dashboards. The company says that initially working with a limited number of creators will make it possible to identify shortcomings in the feature and improve the system based on feedback from musicians. SoundCloud already offered musicians various ways to generate revenue through the platform. These include selling concert tickets and producing vinyl records on demand. The new feature will allow musicians to sell their digital music directly to fans.
Once the feature is launched, listeners will be able to purchase any song from a musician’s SoundCloud profile and add it to their personal collections. Musicians will be able to choose the digital formats in which they sell their songs. One key point is that SoundCloud will not charge a commission on sales. In other words, the platform will not receive a separate share of the revenue generated by song sales. However, musicians will be responsible for payment-processing fees and local taxes. Musicians will be able to track sales figures through SoundCloud’s Artist Studio and Fan Support dashboards. The company says that initially working with a limited number of creators will make it possible to identify shortcomings in the feature and improve the system based on feedback from musicians. SoundCloud already offered musicians various ways to generate revenue through the platform. These include selling concert tickets and producing vinyl records on demand. The new feature will allow musicians to sell their digital music directly to fans.