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IHeartMedia unveils new subscription services

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IHeartMedia unveils new subscription services

As expected, iHeartMedia Inc. unveiled plans to launch two newsubscription services in January 2017.

IHeartRadio said Sept. 23 that it struck licensing dealswith Warner Music GroupCorp., SonyCorp.'s Sony Music Group and Vivendi SA's Universal Music Group. The company also inked agreementswith independent record labels and distributors such as The Orchard,Entertainment One, INgrooves, DashGo, Naxos and CD Baby.

IHeartRadio Plus will offer users an "enhanced radioexperience," while the other new streaming service, called iHeartRadio AllAccess, will include a full on-demand music collection experience. On-demandofferings will be added in January 2017.

While pricing details for the new services were notdisclosed, a recent reportby New York Post pegged the ad-freeradio station to cost $5 a month and the on-demand music service to cost $10 a month.