Spotify will increase the price of its subscription by between $1 and $2 in several international markets this month, with a hike planned for the US later in the year.
For many years, Spotify held strong at its monthly subscription of $9.99, but that changed last July when Premium jumped up to $10.99. Now it appears that the leading subscription music service is planning another price hike — and not waiting nearly as long this time. Bloomberg reports that the cost will go up by between $1 and $2 in the UK, Australia, Pakistan, and two other markets by the end of April, with an increase planned for US customers “later this year.
Spotify has already grown to become the second-largest player in audiobooks behind Audible — and it’s quickly expanding that effort into new countries. For anyone happy to get their audiobook fix elsewhere, Spotify will introduce a new “basic” plan at the current $10.99 Premium rate that doesn’t include them while still bundling music and podcasts. Hopefully, that doesn’t mean you’ll have to settle for basic audio quality, however.
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