(CTN News) – Spotify has said that it is going to raise the cost of its premium subscription plans in the US. At this time, users in the United States are unable to access these subscription tiers. The implementation of this increment won’t be delayed.
Starting this week, the firm declared that it would be increasing its rates to “continue to invest in and innovate on our product features.” This was mentioned in the statement that the business made public earlier this week.
This was the first time the company had made the information public, and it was announced in a blog post that was shared with everyone on the organization’s network.
The streaming service recently enacted a new Spotify policy requiring new users to pay an extra $11.99 a month for the standard individual Premium tier. In comparison to the prior needed monthly payment, this indicates a one-dollar rise.
While the cost of Premium Duo has grown from $14.99 to $16.99 per month, the cost of Premium Family has increased by $3 to $19.99 per month. The cost of Premium Family has increased to $19.99 as of right now. Both of these enhancements were implemented during this month.
Additionally, Spotify Premium Student will not be impacted in any way by the changes;
The monthly fee will remain at $5.99 as it is currently. Even after the changes are put into effect, this will still be the case. Customers in the United States who are already members of the organization will receive an email alerting them to the price adjustments.
They will receive informed about the changes through this email. This is in line with the company’s notification that was disseminated regarding the matter.
Furthermore, the email will provide an explanation explaining that the new membership fee will take effect on the day they are billed in July. This is an additional explanation that the email will provide. An electronic copy of this data will be included to the email.
Following the news in July of the previous year that its flagship Premium subscription tier would be increasing from $9.99 per month to $10.99 per month, Spotify has now executed its second price hike in the last year. This increase follows a price increase for the company’s Premium subscription tier.
The Premium subscription tier will now cost $10.99 per month instead of the previous $9.99 per month as a result of this modification.
This will result in an immediate rise in the Premium subscription tier’s overall cost. For the first time ever, clients in the United States were compelled to pay a much larger amount of money for their memberships. For the first time ever, this was the situation.
Worldwide, Spotify,
The company promptly raised the Spotify cost of its memberships within that same time frame. All of this happened simultaneously. In April of this year, the monthly fee for the Premium subscription in the UK increased from £10.99 to £11.99. Compared to the prior monthly charge of £10.99, this is an increase.
Furthermore, the Australian Premium subscription now costs AUD $13.99 per month instead of AUD $12.99. This amounts to a noteworthy rise. The implementation of these two improvements took place in April of this year.
Prior to the release of this update, tracks with fewer than 1,000 Spotify plays were demonetized by the massive music streaming company. This adjustment was only implemented a few months ago. It has only been a few months since the decision on that specific issue was made.
The CEO of Spotify, Daniel Ek, has recently been under fire from musicians and music enthusiasts. It is directly related to his remarks that “the cost of creating content” is currently “close to zero.” There has been a lot of discussion over this.
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