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Spotify Avoids Court With Equity Deal

SoundCloud would appear to be on the verge of cutting three of the largest record labels a deal to avoid being taken to court for copyright violations. The Times is reporting negotiations are near completion and Universal Music, Sony Music and Warner Music will be given between 3 to 5 per cent of the company and a percentage of future revenue. This would give the company a value of around $500m to $600m.


Read the whole story at The Times »

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