Taylor Swift, Drake May See Streaming Pay Rise Under New Plan
- SoundCloud wants fans to determine which artists get paid
- Universal is pitching a model favoring popular artists
Photographer: Kevin Winter/Getty Images
Universal Music Group NV, the world’s largest record company, is talking with the music service SoundCloud Ltd. about overhauling the way artists are paid, a deal that could help major performers collect more revenue from streaming services.
The companies are discussing changes to the standard industry royalty structure, according to people familiar with the talks, and would like to reach a conclusion before the end of the year. Universal Music Group and SoundCloud declined to comment. The exact details are still being worked out.