SoundCloud close to deal with major record labels


(MENAFN- Arab Times) NASHVILLE Tenn July 11 (Agencies): Garth Brooks is finally embracing digital music but he's doing it his own way. Brooks one of the last holdout big-name musicians still refusing to put his music on iTunes said Thursday he will make his back catalog of hits and his new music available for download but only through his own website. He said the digital downloads of previous music would be available in a few weeks to tide fans over until a new album comes out later this year.

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Brooks said it would likely be issued sometime around Black Friday. The first city on his tour will be announced on July 15 according to Sony. Brooks entered semi-retirement in 2001 near the height of his popularity to be with his three daughters and his wife Trisha Yearwood. Since then he has performed an extended run in Las Vegas and done a few charity shows. The Country Music Hall of Fame member said he's grateful for his fans sticking around during his time off from the road. 'A second half of a career isn't granted' Brooks said. 'I'm not saying that's what I have now but you have given me a shot to have it.'

But he acknowledged a rocky start to his return to the stage. A series of Ireland shows later this month billed as his 'Comeback Special' was cancelled after a battle between venue owners and local residents. Brooks had expanded the number of shows he was to play at Croke Park stadium in Dublin because of demand but the Dublin City Council last week refused to grant permission for five shows saying they would cause 'an unacceptable level of disruption' for residents and businesses. Brooks said tickets had already been sold for five shows and if he couldn't play them all he would play none. 'And if the prime minister himself wants to talk to me I will crawl swim I will fly over there this weekend' Brooks said. 'Sit in front of him I will drop on my knees and beg for those 400000 people to just have fun and let them come see.'

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LOS ANGELES: Online music sharing service SoundCloud Ltd is close to a deal with Universal Music Group Sony Music Entertainment and Warner Music Group for licenses to continue playing their songs and avoid potential legal disputes Bloomberg reported citing people with knowledge of the matter. SoundCloud is in return negotiating offering a 3 percent to 5 percent stake to the companies as well as a percentage of future revenue the website reported. SoundCloud is a platform that enables people to upload record promote and share their music and other audio files. If the deal goes through SoundCloud would be valued between $500 million and $600 million Bloomberg reported. The service will pay the record labels based on how many times a song is played until the company's revenue crosses a certain threshold the report said. Twitter Inc was also in talks to acquire the Berlin-based startup earlier this year as it sought to add a music service to its offerings.


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