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SoundCloud, Solid Foundation Management Form ‘Groundbreaking’ JV

SoundCloud and Solid Foundation Management form a joint venture that both parties hope, with its combined might, will weaponize more artists and unearth new talent. Described in a statement as “groundbreaking,” the alliance sees Solid Foundation parent QC Media Holdings’ invest in Soundcloud with an undisclosed sum. Also, QC Media co-founders Kevin “Coach K” Lee and Pierre “P” Thomas and their Solid Foundation artist management team, based in Atlanta, will work collaboratively with the SoundCloud to “identify, invest in, and foster the careers of artists featured.” “Coach K and P are two of the most influential voices in music, having identified, developed and grown some of the most successful hip-hop acts of our time,” comments Eliah Seton, president of SoundCloud. With this deal, Seton c...