Prepare to dig a bit deeper into your pockets if you want to enjoy uninterrupted melodies from your cherished artists, as Spotify just made an announcement about increasing the prices of all its Premium plans.
In the United States, the cost of a Premium Single subscription is soaring from $10 per month to $11 per month — marking the first price surge since Spotify’s inception over a decade ago.
Not stopping there, the Premium Family and Student plans will also see an uptick by a dollar, now valued at $17 and $6 per month, respectively. Brace yourself for the most significant hike in the Premium Duo plan, which is rising by two dollars per month from its current $13 to $15.
This move mirrors the actions of rival services, with Apple Music, Amazon Music, and YouTube Music all having elevated their ad-free individual plans to $11 in the past year.
Interestingly, last October, Spotify’s CEO, Daniel Ek, seemed to relish in the rising costs of competitors, stating, “When our rivals increase their prices, it bodes well for us.”
At that time, Ek expressed his desire to raise subscription fees, particularly in the US, and felt optimistic that Spotify could do so in 2023.
Despite the price adjustments, Spotify’s allure continues to attract a steady stream of new users, with the music-streaming giant reporting a surge of five million more users during the first quarter of 2023 worldwide.
For many, the additional $12 per year might not have a substantial impact on their listening habits. The updated prices will be rolled out across various countries, from the United Kingdom to Thailand.
Spotify has assured users that they will receive an email notification detailing the exact amount their bill will increase and the date when the change will take effect.
Get ready to shell out a little extra cash if you wish to revel in the undisturbed rhythms of your beloved tunes, as Spotify just made an announcement about boosting the prices of all its Premium plans.
In the United States, the cost of a Premium Single subscription is ascending from $10 per month to $11 per month — marking the first increment since Spotify’s inception over a decade ago. But that’s not all; brace yourself for the Premium Family and Student plans to each experience a dollar surge, now valued at $17 and $6 per month, respectively.
Hold onto your hats for the most substantial bump in the Premium Duo plan, which will leap by two dollars per month from its current $13 to $15.
This move follows in the footsteps of rival services, with Apple Music, Amazon Music, and YouTube Music all having amplified their ad-free individual plans to $11 in the past year.
Interestingly, last October, Spotify’s CEO, Daniel Ek, seemed to derive pleasure from the rising costs of competitors, stating, “When our adversaries raise their prices, it bodes well for us.” At that time, Ek expressed his desire to escalate subscription fees, particularly in the US, and felt confident that Spotify could achieve this in 2023.
Despite the price modifications, Spotify’s allure continues to entice a steady stream of new users, with the music-streaming giant reporting an influx of five million more users during the first quarter of 2023 worldwide.
For many, the additional $12 per year might not exert a significant impact on their listening habits.
The updated prices will be rolled out across various countries, from the United Kingdom to Thailand. Spotify has assured users that they will receive an email notification detailing the exact amount their bill will increase and the date when the change will take effect. So, keep an eye on your inbox for further updates!