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Soundcloud to launch subscription service this year - CTO

Friday 24 July 2015 | 08:25 CET | News
Online music streaming platform SoundCloud will launch a subscription service to generate additional revenue later this year, the Wall Street Journal reports, citing co-founder and chief technology officer Eric Wahlforss. Frequently dubbed the YouTube for music, SoundCloud offers a catalogue of over 100 million tracks uploaded by artists and disc jockeys, and attracts around 175 million unique visitors per month. In the face of expected royalty demands from record labels and publishers, Wahlforss has now confirmed that subscription plans for listeners will become SoundCloud's third revenue

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Categories: Internet
Companies: SoundCloud
Countries: World
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