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Online streaming service is making a few major announcements today. The good news is that you can listen to practically any song you like, even full albums for free. The bad news, is you can only listen to a track three times before a notice pops up suggesting that you sign up for's upcoming subscription based service.

The CBS-owned music discovery/online radio service has signed deals with all the major record labels, and also has a system in place to pay independent musicians as well. will pay artists each time a song is streamed, with revenue coming from advertising and the upcoming subscription service. No word on how much subscriptions will cost.

Users in the US, UK, and Germany can access the full music library today, and the company is working on expanding coverage. The site claims that it has the largest library of free streaming music on the web, and we're inclined to take their word for it.

[via Mashable]

Tags: cbs,, music, streaming