SoundCloud is reportedly considering a new direct payment system on its platform that will allow music fans to pay artists directly for their work, according to a new Billboard report citing “multiple sources close to the situation”. According to reports, “the company is still exploring several alternative streaming payout models.” A source says the company will release a public announcement of its plans “before the end of the first quarter of 2021”.
Pitchfork has contacted SoundCloud representatives for comments and additional information.
Since 2017 SoundCloud has offered a premium version of its SoundCloud Go subscription service called SoundCloud Go +, which gives subscribers access to over 200 million licensed tracks.
Read on the pitch “How the SoundCloud generation of rap changed the music business forever”.
