As predicted on Friday, Sony Music has officially confirmed its licensing deal with SoundCloud.
The public details match those of its previous agreements with Universal Music and Warner Music: access to the label’s catalogue for SoundCloud’s upcoming subscription tier, as well as more promotional tools and data for Sony.
The deal will also extend to independent labels distributed by The Orchard and Red Distribution.
With a full set of major-label deals now in place, plus indie licensing agency Merlin, SoundCloud can now press on with its subscription plans – while also being on surer legal footing if it needs to convince investors to pony up more funding in the months ahead.
Signing on the dotted line with Sony should also mean a number of tracks return to SoundCloud, having been taken down by the label last year when licensing negotiations were in a sticky patch.