Big things are happening in the world of SoundCloud. After months of tough negotiations, the audio-sharing service finally signed a deal with its first major label, Warner Music. Under this new deal, Warner will own a 3% to 5% stake in SoundCloud, and get paid royalties every time you play one of their songs, including remixes and mashups. However, the deal doesn’t require Warner to share its entire catalog—which includes artists like Skrillex, Moby, Tiësto and Madonna.

But aside from making a bunch of rich guys in suits very happy, what does this milestonereally mean? How does this deal affect the future of everyone’s favorite music streaming service? Here’s what we think.

Read the full story: Thump