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juannomore / Flickr CC

Music streaming service SoundCloud is adding a new — and — cheaper paid subscription option that is focused on convenience by removing ads and letting users listen to music offline. The company unveiled its first subscription service last year.

The lowdown: The new tier will cost $4.99 per month and will give users access to the 120 million songs part of SoundCloud's free content catalog without ads and available offline. This can be a great option for users who travel and don't want to use their smartphone data to stream, for example. It will be called SoundCloud Go.

The company's original subscription service will now be called SoundCloud Go+, which costs $9.99 and will continue to offer these features in addition to SoundCloud's premium content from music labels and certain artists for a total catalog of 150 million songs.

Why it matters: Though SoundCloud made its name as a way for independent artists and DJs to upload and distribute their music, the company has faced increasing competition from services like Spotify and Apple Music, which offer music from all the major labels. Subscription services also serve as an additional source of revenue for the company, which was rumored last year to be in talks to sell to Spotify, though the latter has reportedly decided against it.

Go deeper

5 mins ago - Health

Axios-Ipsos poll: Americans' hopes rise after a year of COVID

Data: Axios/Ipsos Poll; Note: Margin of error for the entire sample is ±3.1%; Chart: Andrew Witherspoon/Axios

During the last year, Americans have felt stressed out and worried about the coronavirus — but now more say they're hopeful as the vaccines become available, according to the latest installment of the Axios/Ipsos Coronavirus Index.

The big picture: Americans finally see some light at the end of the tunnel as we approach the one-year anniversary of the national emergency over the pandemic — a year that has been full of misery, mental anguish, and sickness and death here and around the world.

Updated 2 hours ago - World

2 Americans accused of helping Ghosn escape in Japanese custody

Former Nissan chair Carlos Ghosn during a news conference in Jounieh, Lebanon, last September. Photo: Hasan Shaaban/Bloomberg via Getty Images

Two Americans accused of helping former Nissan chair Carlos Ghosn flee Japan in a box in 2019 were taken into Japanese custody after arriving at an airport near Tokyo Tuesday, per the Wall Street Journal.

Why it matters: The extradition of Michael Taylor, 60, a private security specialist and former Green Beret, and his son Peter Maxwell Taylor, 27, ends a months-long fight to remain in the U.S.

Rep. Rice demands Cuomo resign after 3rd woman accuses him of misconduct

New York Gov. Andrew Cuomo during a February news conference in New York City. Photo: Seth Wenig/POOL/AFP via Getty Images

Rep. Kathleen Rice (D-N.Y.) on Monday evening called for New York Gov. Andrew Cuomo (D) to resign, after a third woman accused him of inappropriate behavior.

Driving the news: Anna Ruch, a former member of the Obama administration and the 2020 Biden campaign, told the New York Times Monday that Cuomo asked to kiss her at a New York City wedding reception in September 2019.

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