Online music service Soundcloud is entering paid music streaming market as the Berlin-based company is seeking for a Soundcloud has allowed any audio to be uploaded to its cloud. It has slowly introduced tools to earn revenue, introducing paid services for artists in 2008 and ad revenue sharing for invited musicians in 2014.
But after signing deals with major labels, including holdout Sony Music this month, Soundcloud is adding a subscription plan for consumers, giving them ad-free listening and a new range of music
Soundcloud says it will have 125 million tracks available when the paid tier, Soundcloud Go, launches Tuesday.
Soundcloud Go will cost $10 a month and offer ad-free offline playback on mobile devices. It'll also allow artists to choose whether to give away tracks for free or reserve them for paying customers.
Other paid music subscription services include Spotify, with 30 million paying subscribers, and Apple, which jumped to 10 million after launching last year.