Regarding the first time in 12 years, Spotify is raising its fees.
The music streaming service said on July 24 that it would raise the price of its premium subscribers by up to $2 per month. Spotify stated in a press statement that Premium Individual, Premium Duo, Premium Family, and Premium Student users would get a message clarifying the changes to their accounts. The marketplace environment has kept on to evolve since we launched,” according to the announcement. “In order to continue developing, we are altering our premium rates in a variety of markets around the world.” These enhancements will assist us in continuing to provide value for customers and performers on our website and app.”
Spotify claims that over 200 million people pay to its Premium levels, offering customers with access to immediately and free of ads songs as well as offline music downloads. Premium Individuals will pay $10.99 per month, Premium Duo customers will pay $14.99, Premium Family members will pay $16.99, and Premium Students will pay $5.99.
The price increase by the streaming service provider follows comparable increases and changes in the sector. Netflix said last week that it will continue to provide its lowest streaming package to users in the United States and the United Kingdom. The video-on-demand provider dropped its Basic plan, which gave $9.99 per month access to US consumers.