Could Orfium be to SoundCloud What Facebook was to MySpace?

Today marks the debut of Orfium, a music hosting platform and streaming service intended to empower its user base with a series of promotion, retail, licensing and distribution tools.

At a time when the fate of services like Beatport and SoundCloud are as dubious as ever, Orfium boasts the general functionality of both models. Moreover, its emphasis on licensing options and track recognition software might even give Spotify’s upcoming DJ mix hosting service a run for its money. Perhaps most notably, Orfium offers content creators who choose to monetize music through its site a whopping 80% of revenue earned.

Source: Magnetic Magazine

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