Edgar Cervantes / Android Authority
TL;DR
- Spotify will reportedly hike costs for its particular person Premium plan within the US.
- The streaming service later confirmed the information in a press launch.
- It confirmed that the value hike impacts loads extra markets.
Replace: July 24, 2023 (7:35 AM ET): Spotify has now made it official, confirming (h/t: The Verge) that it’s rising the value of its Premium subscription in a ton of markets.
The streaming service confirmed {that a} Spotify Premium subscription will now price $10.99 a month within the US. It additionally revealed that the Duo, Household, and Scholar plans will now price $14.99, $16.99, and $5.99 respectively. It is a $1 leap throughout the board, apart from a $2 hike for the Duo tier.
Spotify confirmed that the value hike additionally impacts Europe, Canada, Latin America, Hong Kong, and Indonesia. Nevertheless, the likes of Africa, Germany, Japan, Malaysia, the Philippines, and Taiwan aren’t listed right here.
Unique article: July 24, 2023 (12:44 AM ET): Spotify is reportedly climbing costs for its Premium subscription within the US someday this week. In accordance with The Wall Road Journal, Spotify Premium will price $1 extra with the brand new value enhance. Which means it is best to count on to pay $10.99/month for the person Premium plan as soon as the change comes into impact. It’s unclear whether or not Spotify can even enhance costs for the Duo, Household, and Scholar Premium plans.
Spotify Premium has been accessible for $9.99 monthly because it first launched within the US over a decade in the past. The Spotify value enhance comes at a time when streaming companies, each audio and video, are getting costlier throughout the board. Spotify is reportedly below strain to extend profitability, on condition that opponents like Apple, YouTube, and Amazon have already hiked costs in a number of markets.
WSJ experiences that Spotify Premium can even get costlier in dozens of markets globally. The value will increase will probably be rolled out extra broadly within the coming months, adopted by the US value hike.
As of now, there’s no official phrase from Spoify in regards to the upcoming value hike. We’ll let if and when the service introduced a pricing change.
