A SoundCloud subscription service is on the way...
Music streaming service SoundCloud has finally come to an licensing agreement with Sony, announcing on Friday that it has signed a deal with the label heavyweight.
After over a year of public wranglings, the deal means SoundCloud is now in partnership with all the major players in the music industry, having already secured arrangements with Universal, Warner and independent collective Merlin.
The Sony partnership clears the path for SoundCloud to launch a new version for paid subscribers, a model much preferred by record companies. That subscription service should arrive later this year.
Dennis Kooker, Sony's president of global digital business and US sales, said:
"This agreement creates a business framework for the use of Sony Music songs on the SoundCloud platform that meets the needs of our artists and labels and supports the growth of SoundCloud through its new premium on-demand music tier".
SoundCloud CEO Alexander Ljung said:
"Today is of particular significance to us as a company, as we now have deals in place with all of the major music labels.
"We are very excited to be working with SME and cannot wait to see what we can achieve together as we continue to transform the future of music online".
Last year, Sony removed much of its artists' material from SoundCloud as the dispute between the two companies turned particularly nasty.
SoundCloud, which was founded in 2008 as a "YouTube for music", is now likely to offer a small section of Sony's music for free with the full catalogue made available through the paid service.