It looks like SoundCloud is attempting to clean up its act and patch things up with major labels as they hope for a sale. The music streaming service is offering between 3% and 5% of SoundCloud as well as a share of the company's future earnings, as noted by Bloomberg.

SoundCloud is making the offer ahead of their switch to a monetized service, which will give content creators the opportunity to place ads next to their songs and earn some profits in the process. They're also hoping to secure licensing deals with those three major labels in the process. Fears of being sued for past copyright violations have hindered the sale of the company, and to counter that they've become much more strict about uploading unlicensed tracks.

One of the main reasons that majors haven't threatened to shut SoundCloud down is due to its loyal and ever-growing fanbase, even if it doesn't have a licensing deal.