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Spotify raises the worth of its Premium plans

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Listening to your favourite songs uninterrupted is about to get somewhat pricier: Spotify has announced it’s raising the price of all its Premium plans. In the USA, this implies a Premium Single subscription goes from $10 a month to $11 a month — its first enhance since Spotify launched over a decade in the past. Its Premium Household and Pupil plans are additionally going up by a greenback, now costing $17 and $6 monthly, respectively. Premium Duo has the most important bump, going up two {dollars} monthly from $13 to $15.

The transfer follows related value hikes by rivals, with Apple Music, Amazon Music and YouTube Music all elevating their ad-free particular person plans to $11 up to now 12 months. Final October, Spotify CEO Daniel Ek appeared to experience different corporations’ elevated prices, “When our rivals are elevating their costs, that’s actually good for us.” On the time, Ek mentioned he want to cost extra for subscriptions, particularly within the US, and felt assured Spotify would be capable of in 2023.

Individuals hold coming to Spotify, with the music streamer reporting 5 million extra customers throughout 2023’s first quarter worldwide, and an additional $12 a 12 months may not influence that a lot. Up to date costs are rolling out in nations internationally, from the UK to Thailand. Spotify says it would contact customers through electronic mail to share how a lot their invoice will go up and when it would occur.

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