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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.
All Spotify Premium plan prices (excluding Student) cost more. As of June 3, 2024, new subscribers will pay the following monthly rates: Individual: $11.99. Duo: $16.99. Family: $19.99.
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 alluded to more expensive streaming tiers to come as the audio giant doubles down on offering more choices to consumers. ... "Could be something like $5 above the current premium tier, so ...
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 introduced a Family subscription in October 2014, which allows up to 5 family members to have a premium subscription. [ 184 ] [ 185 ] In May 2016, the limit was changed to 6 family members, and the price was reduced. [ 186 ]
Spotify is finally set to hike the price of its music streaming subscription in the U.S. to $10.99 per month for an individual plan — up one dollar — according to a Wall Street Journal report.
In the first three months of 2023, Spotify gained 5 million Premium subscribers — beating its expectations — to stand at 210 million. Overall, including free, ad-supported accounts, it tallied ...