Soundcloud has secured a music deal with the Warner Music Group

Everybody has to grow up sometime, and for Germany-based streaming service Soundcloud, it appears that time is now. Broken first by the Wall Street Journal, Soundcloud announced today a new deal with Warner Music Group, marking its first licensing contract with one of the major music labels. Under the terms of the deal, the site will reportedly pay royalties to Warner for each song from Warner’s catalog that is streamed on the ad-supported version of the site, as well as working towards a deal for a piece of each song played on Soundcloud’s forthcoming music subscription site.