Buzz
Spotify is planning to raise the cost of its Premium subscription, following widespread price adjustments by other online music platforms in the U.S.
According to reports from WSJ, Spotify is planning to raise the monthly subscription fee in the U.S. by an additional $1. This translates to users having to pay $10.99 per month for the Premium service, as opposed to the previous $9.99. Spotify is expected to make the announcement next week, specifically for the U.S. market.
Spotify Prepares to Increase Premium Subscription Prices in the U.S.Unfortunately, the price hike will also be implemented in many other markets in the coming weeks, although specific details have not been disclosed yet. In reality, Spotify has maintained the Premium service price in the U.S. at $9.99 for quite an extended period. With the subscription, users can download music and podcasts, play songs in any order, and enjoy high-quality ad-free listening on Spotify.
Read more: Spotify Considering Adding Music Videos to Its Online Streaming ServiceSpotify also offers discounted rates for student users, providing a 50% reduction in fees for up to 4 years. Meanwhile, Premium Duo allows two individuals living together to upgrade to Premium at a discounted rate. Additionally, when signing up for Premium Family, up to 6 people within a household will receive a discounted Premium upgrade for their individual accounts.
