SoundCloud to Consider Paying Artists

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SoundCloud is probably one of those music streaming sites that can help a musician and their record label without costing them an arm and a leg to do so. For music fans and music blog sites, like us, we have loved SoundCloud since we can remember.

Upcoming artists can post their demos, while major record labels can do the same by post tracks from an upcoming record whether it’s for an up-and-coming artists or one of their most profitable artists.

Now, it’s being reported that SoundCloud might be considering ways to monetize their content to make some cash for the artists who use their site. This idea comes on the heels of the music streaming site upgrading their iPhone app. The site reportedly attracts around 250 million listeners a month and like we have said, is a staple for sharing songs.

During an interview with The Guardian, SoundCloud co-founder and chief chronology officer Eric Wahlforss revealed this plan that is currently just an idea.

“Right now in the U.S. we’re experimenting with different monetization approaches. We’re throwing a couple of things out there and testing the waters a bit. We’re super-excited about where this stuff can go.”

While we are OK with the idea of SoundCloud trying to make some money for their users, we are a little scared that this will mean that all the free music and embedding that we can do might come a price.

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