SoundCloud’s New Fee Could Be Transformative

Undercutting rival Spotify and others in the industry, SoundCloud is offering consumers music for $4.99 a month. This price is 50% lower than what Spotify offers, according to Bloomberg News.

Yet with both SoundCloud and Spotify being in the red, some are insisting that the lower $4.99 charge could be key for SoundCloud and Spotify to attract more paying users and to make money.

Read Article: Investopedia

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