The never - ending band of streaming pricing increase could make its way back around to Spotify user by the end of the calendar month , according to a new report .
Bloomberg reports Spotify program to increase tariffs by $ 1 for the Individual design or $ 2 for the Duo . However , while US user might be spared the increment until later in 2024 , it ’ll hit Brits and Aussies before April is out , the sources say .
Spotify Premium currently costs £ 10.99 a month for a single user , while you’re able to get two Premium accounts for £ 14.99 . It ’s potential they will go up to £ 11.99 and £ 16.99 respectively , if thereportcomes to fruition .
The Family plan , which enable up to six accounts within a family , cost £ 17.99 , but the report does n’t mention that plan will be increase .
Spotify last put theprices up as lately as tardy July 2023 in the UK , when it raised item-by-item and insurance premium cost in by £ 1 in the UK .
The 2nd increase within twelve months would be an unwished-for vision for loyal Spotify users , who ’ve see to it the ship’s company deprioritise euphony by spend fortunes onacquiring sole podcasts , while bundling in entree to audiobooks .
accord to the report , there will be new pricing options on the way too , They could include the long - tippedSupremium tierthat would finally give Spotify users access to HiFi audio frequency .
Why would Spotify prefer to increase prices now ? Simple . It still does n’t make money and passing losses onto user could arrange it on the path to that elusive tenacious - terminal figure gainfulness .
Covering the toll of therecent 15 - hr per calendar month of audiobooks , which many music - devotee did n’t ask for in the first post , is also cite as a reason for the purported price increases .
“ The higher prices will help cover the cost of audiobooks , a popular service introduced belatedly last class . Spotify offers customers up to 15 hours of audiobook listening a month as part of their pay plan . While the company pays publishers for books , it has so far only collected additional taxation from hearer who exceed the terminus ad quem . ”
Would a second price hike in a twelvemonth put pay to your relationship with Spotify ? permit us know @trustedreviews on X.
