Music streaming service SoundCloud will soon roll out a paid subscription service, according to comments made by one of its executives in a new interview. Speaking with the Wall Street Journal, SoundCloud co-founder and Chief Technology Officer Eric Wahlforss said that subscriptions will be offered later this year, but declined to specify what the exact perks of paid service will be.
The news comes as SoundCloud continues to scramble for new means of revenue. In addition to charging some of its users who upload music, the company has also utilized auto-play ads from brands including Pepsi and Jaguar automobiles. The new subscription price point has also yet to be revealed by Wahlforss.