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It’s Spotify’s turn to increase prices
Summary
Spotify has announced that its Premium subscription will increase from $9.99 to $10.99 a month in the US. This increase is being applied to other subscription tiers as well, such as Duo, Family, and Student, and will also be implemented in a number of other markets. The price increase is not unexpected, as other major music streaming services have done the same in recent months. Existing subscribers will get a one month grace period before the new pricing takes effect.
Q&As
What is the new cost of Spotify Premium in the US?
The new cost of Spotify Premium in the US is $10.99 a month.
How long has Spotify charged $9.99 for its Premium subscription in the US?
Spotify has charged $9.99 for its Premium subscription in the US ever since its launch in 2011.
What are the new costs of Spotify's Duo, Family, and Student plans?
The new costs of Spotify's Duo, Family, and Student plans are $14.99, $16.99, and $5.99 respectively.
What was the price change that the other major music streaming services announced?
The other major music streaming services announced a $1 increase in the cost of a standard individual monthly subscription from $9.99 to $10.99.
What countries are part of today's announcement for Spotify's price increase?
The countries part of today's announcement for Spotify's price increase are Andorra, Albania, Argentina, Austria, Australia, Bosnia and Herzegovina, Belgium, Bulgaria, Brazil, Canada, Chile, Colombia, Costa Rica, Cyprus, Denmark, Ecuador, Estonia, Spain, Finland, France, United Kingdom, Greece, Guatemala, Hong Kong, Croatia, Indonesia, Ireland, Israel, Iceland, Italy, Lithuania, Luxembourg, Latvia, Monaco, Montenegro, North Macedonia, Malta, Mexico, Netherlands, Norway, New Zealand, Peru, Portugal, Serbia, Sweden, Singapore, Slovenia, Slovakia, San Marino, Thailand, Turkiye, United States, and Kosovo.
AI Comments
👍 It's great to see that Spotify is taking the initiative to increase prices in order to continue to deliver value to its fans and artists!
👎 The price increases for Spotify Premium users are really steep and could be a burden for some subscribers.
AI Discussion
Me: It's about Spotify increasing their prices. They are increasing the prices of their Premium subscription from $9.99 to $10.99 a month in the US, and increasing the prices of their other subscription tiers in other countries.
Friend: Wow, that's a pretty big increase. What do you think are the implications of this?
Me: Well, first, it's likely that this will significantly increase Spotify's revenue. It also means that Spotify Premium will now be on par with other streaming services, such as Apple Music, Amazon Music, Tidal, and YouTube Music Premium, which all charge the same amount for their subscriptions. This could lead to more competition among streaming services, as they all try to differentiate themselves in order to attract more users. Additionally, it might lead to an increase in overall subscription costs for consumers, as they may have to pay more if they want to use multiple streaming services.
Action items
- Research other music streaming services to compare prices and features.
- Consider signing up for a family or student plan to save money.
- Look into other ways to save money on streaming services, such as discounts or promotional offers.
Technical terms
- Spotify Premium
- A subscription service offered by Spotify that allows users to access additional features such as ad-free streaming, higher quality audio, and offline listening.
- Duo
- A subscription plan offered by Spotify that allows two people to share a single account.
- Family
- A subscription plan offered by Spotify that allows up to six people to share a single account.
- Student
- A subscription plan offered by Spotify that offers a discounted rate for students.
- FAQ
- Frequently Asked Questions.
- Rebranding
- The process of changing the public image of a company or product.
- Climate Clock
- A digital clock that counts down the amount of time left to limit global warming to 1.5°C.
- Chatbot
- A computer program designed to simulate conversation with human users.