Microsoft’s cloud storage platform – SkyDrive – got into a trademark dispute last year with European telecom Sky. Instead of fighting for its right to use the SkyDrive name, Microsoft opted to change it.

Microsoft announced this morning that SkyDrive will now be known as OneDrive going forward. Much like how the Xbox One’s name indicated that it would be the one place for all your entertainment needs, OneDrive’s name indicates that it’s your one place for all your storage needs.

Here’s the official explanation behind the name:

Why OneDrive? We know that increasingly you will have many devices in your life, but you really want only one place for your most important stuff. One place for all of your photos and videos. One place for all of your documents. One place that is seamlessly connected across all the devices you use. You want OneDrive for everything in your life.

As is the norm these days, Microsoft put together a little video to announce the name change:

So, will current SkyDrive users have to do anything when the service transitions to the new name? Not at all says Microsoft as current subscribers will find everything will remain the same, except the name. It should be noted that the change won’t come overnight as Microsoft is still in the process of transitioning everything over to the new name. If you want to be one of the first to get OneDrive, you can sign up here.

Image via skydrivevideos/YouTube