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SoundCloud confirms subscription service is on the way

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SoundCloud confirms subscription service is on the way

... factmag:

SoundCloud co-founder Eric Wahlforss has officially confirmed that the music hosting and streaming service will introduce a subscription service.

The confirmation was reported by The Wall Street Journal, though Wahlforss didn’t give any details as to what the service would entail.

Rumours of the subscription plan first emerged last month when a leaked contract showed details for two premium listening tiers alongside the ad-supported tier announced last year.SoundCloud has had a difficult few months – in May  Sony began pulling music from the service, blaming “a lack of monetization opportunities” on the platform.

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