Michael Weissman Latest Celebrity News & Gossip

SoundCloud, who last year announced that it’d be the first music platform to direct the fees of its paying subscribers to the artists they stream.SoundCloud said that it was “a more equitable and transparent way for independent artists who monetise directly with SoundCloud to get paid”.It’s an approach that’s been previously backed by many musicians who have criticised the economics of online streaming.Leading streaming services such as Spotify and Apple Music currently operate on a system where royalty payments are distributed in accordance with which artists have the most plays.But it has been criticised by smaller and up-and-coming acts, who claim that the system allows huge global names to generate vast amounts of money while leaving little for musicians who have not achieved similar success.Now, it’s been confirmed that Warner Music Group has implemented SoundCloud’s royalty system. Each artist credited with having earned royalties from a particular recording will earn a share based solely on each stream of that specific release.However, Far Out Magazine cites the results of a recent report by Media Research which found that 56 per cent of artists surveyed were making more revenue by using SoundCloud’s old pro-rata model rather than the new one.Numerous other major streaming platforms – including Spotify and Apple Music – are currently still using the pro-rota model.Upon SoundCloud introducing the fan-powered system, the company’s chief executive officer Michael Weissman said: “Many in the industry have wanted this for years.

Jem Aswad Senior Music Editor SoundCloud has named Eliah Seton chief executive officer, effective immediately. He succeeds Michael Weissman, who joined the streamer in 2017, has served as CEO since 2021 and is departing for a new opportunity. Seton joined SoundCloud in 2021 as president, overseeing the Creator and Roster operating divisions as well as strategy, M&A, content partnerships, business development, and distribution and artist partnerships. In that role, he has been instrumental in refocusing the business on deepening the relationship between its artists and fans through new economic models, products and tools. The company also announced that Fred Wilson, founder of Union Square Ventures and member of SoundCloud’s board since 2011, has been appointed as the new chairman of the board. Wilson succeeds SoundCloud Founder Alexander Ljung who served as CEO from 2007-2017 and chairman from 2017-2022. Ljung will assume a new role as chairman emeritus of the SoundCloud board, continue to serve as a board member and will also remain closely engaged and available to the company’s management team and employees going forward.

Jem Aswad Senior Music EditorSoundCloud today announced the appointment of Eliah Seton as President of SoundCloud, effective May 1, 2021. He will report directly to Michael Weissman, Chief Executive Officer, SoundCloud.

Jem Aswad Senior Music EditorMusic streaming platform SoundCloud has announced that the company’s president, Michael Weissman, will succeed Kerry Trainor as chief executive officer, effective January 1, 2021. Weissman succeeds longtime colleague and partner, Trainor, who will remain a member of the Board of Directors.“I’m honored to lead SoundCloud’s next chapter,” said Weissman.