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Spotify is upping the cost of its premium plans in the U.S., in a move that reflects a trend among streaming services to hike prices in pursuit of greater profits.
Spotify announced it second price hike since July 2023, when the music streaming service bumped all premium plan prices up at least $1.
The move will result in a $1 price increase for Spotify's U.S. plans, with the premium single now starting at $10.99, duo at $14.99, family at $16.99 and the student plan at $5.99.
In August 2021, Spotify launched a test subscription tier called Spotify Plus. The subscription costs $0.99 and is supposed to be a combination of the free and premium tiers. Subscribers to this plan will still receive ads but will get the ability to listen to songs without shuffle mode and skip any number of tracks.
Spotify is hiking rates for its monthly streaming plans in the U.S. for the second time in a year. The Spotify Premium Individual plan is increasing by $1, from $10.99 to $11.99 per month ...
Replaced by PlayStation Music powered by Spotify. [96] 29 March 2015: Musicovery: Shut down the interactive radio service and now a music playlist supplier. 2 January 2017: Electric Jukebox: Succeeded by ROXi: 1 August 2017: WiMP: Integrated into Tidal [97] 23 March 2015: Simfy: Shut down. Temporarily, the website referred users to Deezer. [98 ...
Spotify, a music streaming company, has attracted significant criticism since its 2008 launch, [1] mainly over artist compensation. Unlike physical sales or downloads, which pay artists a fixed price per song or album sold, Spotify pays royalties based on the artist's "market share"—the number of streams for their songs as a proportion of total songs streamed on the service.
Spotify has been trying to boost its margins in recent months by lowering marketing spending and through layoffs, after relying on promotions and hefty investments to drive user growth. "We're ...