The streaming music and music subscription service Spotify has struck a new deal with Apple, which will give the streaming music company access to Apple’s iTunes store.
The deal, announced Wednesday, will allow Spotify to sell music, as well as access to the iTunes store, on a new tier of services.
Spotify is now the only digital music subscription platform with a physical store, and it already offers a music streaming service, Spotify Premium.
The new deal, which Spotify announced on Wednesday, gives Spotify access to iTunes for $1.99 per month.
It will be available for both new users and existing users.
The purchase price will be $9.99 for new users, and $14.99 annually for existing users, according to Spotify.
Spotify will sell all of its music and content in its digital store, as opposed to being an ad-supported service.
Spotify Premium will be an ad free option for users, but will have an ads-free option available to advertisers.
Spotify said in a statement that it “is excited to welcome Apple to the Spotify family.”
“We are excited to introduce our own music streaming experience for Apple’s iOS device and we look forward to building a lasting relationship with Apple,” the company said.
The acquisition comes just weeks after Apple announced a new version of its Music app for iPhone, iPad, and iPod Touch, which now supports the streaming of a variety of music.
Apple has been a longtime supporter of music and digital media companies, as it has made significant investments in the business.
It also recently purchased Beats, a music service that is a key component of Spotify’s business.