Spotify Premium to become more expensive once again and be supplemented by a basic subscription for $10.99
Spotify is reportedly already planning its next price increase, but is also said to be revising its subscription structure. (Image: Omid Armin)
Shortly after Tidal reduced the price of its "HiFi Plus" subscription to $10.99 per month, Spotify Premium is to become more expensive once again, thus costing more than Apple Music, Tidal, Amazon Music and the like for the first time. However, a new subscription structure should allow users to keep the old price as long as they can do without audio books.
The price of Spotify Premium increased from $9.99 to $10.99 per month last fall, and now another price increase is already on the horizon in several key markets, as Bloomberg reports. The current Premium subscription is to increase in price by $1 to $2 per month by the end of April in at least five markets, including Australia, the UK and Pakistan.
The price increase will be applied to other markets later this year, including the USA. To avoid losing subscribers, Spotify intends to change its subscription structure and introduce a new 'Basic' subscription that includes music and podcasts, but no audiobooks. This subscription will be offered at the current price of the Premium subscription, i.e., $10.99 per month. The Premium subscription includes 15 hours of audiobook streaming per month, which users of the Basic subscription have to pay for separately.
Spotify is also said to be working on a more expensive 'Supremium' subscription, which would give users access to music in hi-fi quality for a higher price; whether these plans will ultimately be implemented remains to be seen, as competitors such as Apple Music and Tidal now offer hi-fi quality at no extra charge. These price increases are intended to make Spotify profitable. Although the Swedish music streaming giant generated revenue to the equivalent of around $14.3 billion in 2023, it also incurred a loss of around $483 million.
Editor of the original article:Hannes Brecher - Senior Tech Writer - 16560 articles published on Notebookcheck since 2018
Since 2009 I have written for different publications with a focus on consumer electronics. I joined the Notebookcheck news team in 2018 and have combined my many years of experience with laptops and smartphones with my lifelong passion for technology to create informative content for our readers about new developments in this sphere. In addition, my design background as an art director at an ad agency has allowed me to have deeper insights into the peculiarities of this industry.
Translator:Jacob Fisher - Translator - 1388 articles published on Notebookcheck since 2022
Growing up in regional Australia, I first became acquainted with computers in my early teens after a broken leg from a football (soccer) match temporarily condemned me to a predominately indoor lifestyle. Soon afterwards I was building my own systems. Now I live in Germany, having moved here in 2014, where I study philosophy and anthropology. I am particularly fascinated by how computer technology has fundamentally and dramatically reshaped human culture, and how it continues to do so.
