If anyone wondered why a SoundCloud Subscription Service hasn't been created yet, it's because one major company had been holding out up until just recently. Sony Music wasn't originally on board citing concerns over monetization and profitability in the past. But it has since agreed to a licensing deal that will allow the music streaming platform to move forward with its plans and compete with similar services.
Competing with Spotify and iTunes, the SoundCloud Subscription Service will offer $10 monthly charges and also introduce a mid-tier service priced lower than that. At least, according to rumors. The Verge writes, "Combined with the plethora of songs that live solely on SoundCloud already could, SoundCloud could have a slight advantage over competing streaming services, which largely offer the same music catalog."