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In the music industry, big advance payments are old hat: A new artist lands a hit and a bunch of labels rush over waving multi-million-dollar checksfor his or her next album. But the high bets are often risky, and the cash only goes to a handful of names every year. …

SoundCloud, the Berlin-based streaming service whose launch of so many young rap careers spawned its ownmusic genre,upped its global revenue from 2016 to 2017 by more than 80 percent, according to its latest financial reports. The company, however, has been troubled recently byfinancial upheaval. The company’s 2017 accounts, recently filed …