Platform could raise the cost of standard plan by an extra $2
Spotify is reportedly set to raise the prices again. This news from a recent Bloomberg report that cites anonymous sources who told the publication of the streaming giant’s future plans.
According to the insiders, Spotify intends to “increase prices by about $1 to $2 a month” across five markets by April 30. These include the UK, Australia, and Pakistan. The other two regions were not mentioned. Users in the United States are slated to see the same changes, but they won’t happen until later in the year.
The reason why the company is bumping subscriptions up again is to “help cover the cost of audiobooks,” a new type of content that was introduced back in November. Bloomberg explains Spotify has to pay publishers for the books, however the platform only has so much money. They apparently need to charge more to keep them.New tiers
Although audiobooks have proven themselves to be popular on Spotify, not everyone listens to them. For those who don’t, the company is going to add another subscription plan “that will offer music and podcasts” only, removing audiobooks as an option. This will keep the current price for individual premium plans. People who buy the new tier will have to pay for audiobooks separately.
No updates were given about the long-awaited Supremium plan. It’s presumably still in the works, and the launch of the tier may just be around the corner. A user on the truespotify subreddit shared a screenshot of what appears to be the Dolby Atmos logo appearing on the official player, indicating that spatial audio may be an upcoming feature.
