SoundCloud Reaches Licensing Deal With PRS

Under the threat of massive litigation, SoundCloud has now inked a multi-month agreement with PRS for Music.  PRS is a UK-based licensing agency, whose membership spans songwriters, composers and music publishers.  The multi-territorial deal will last for a few months, according to details confirmed by PRS representatives this morning.
It will also put legal proceedings on ice, though there’s always that dangling threat.  “On behalf of our members, I am pleased that w