By Griffin Davis, Communications Intern
Earlier this month, Bloomberg reported that streaming music host SoundCloud was close to finalizing licensing deals with the three major labels. The deals would reportedly grant each label an ownership stake in SoundCloud of 3-5 percent in exchange for their agreement not to sue over copyright infringement on SoundCloud. Meanwhile, a mini-controversy has erupted over Soundcloud’s implementation of its copyright enforcement procedures, making it important to separate fact from fiction.
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