It appears SoundCloud is receiving a major boost from Twitter as it seeks to rebound from some of its recent struggles.

According to a report Tuesday afternoon from Recode, the social network has invested as much as $70 million in the streaming platform.

The news comes as Twitter has faced its own battles in its efforts to grow its user base and solidify monetization. But SoundCloud has faced perhaps more scrutiny, in part due to its own lack of growth but also because of issues surrounding a lack of royalties for content creators.

In recent years, SoundCloud has faced numerous challenges from record labels, which have also been seeking to stave off losses due to dramatic drops in music purchases as streaming rises.

SoundCloud finalized deals earlier this year with the likes of Warner Music Group, Sony Music and Universal Music Group so that it could launch a paid subscription service, but it hasn't eliminated concerns about profits—or lack thereof.

While Twitter CEO Jack Dorsey has not commented on the details, he did confirm in a statement that such a financial investment has indeed been made: “Earlier this year we made an investment in SoundCloud through Twitter Ventures to help support some of our efforts with creators," he said. "They've been great partners of ours over the years and their community-supported approach mirrors ours in many ways.”

It's worth noting Twitter considered buying SoundCloud outright back in 2014, but it eventually passed.