Spotify has announced a subscription price increase. The company explains this step by innovations on the platform, writes The Verge.
“So that we can keep innovating, we are changing our Premium prices across a number of markets around the world,” the company wrote in a post announcing the increase. “These updates will help us continue to deliver value to fans and artists on our platform.”
Premium subscriptions in the US will increase from $9.99 to $10.99, Duo from $12.99 to $14.99, Family from $15.99 to $16.99, and Student from $4.99 to $5.99. In the UK, the individual plan has increased in price from £9.99 to £10.99, Duo – from £13.99 to £14.99, Family – from £16.99 to £17.99, and Student will remain at £5.99.
Meanwhile, in France, the Individual plan will cost €10.99 (previously €9.99), the Duo €14.99 (previously €12.99), the Family plan €17.99 (previously €15.99) and the Student plan €5.99 (previously €4.99).
In total, the company revised its pricing policy in almost 60 countries.
We remind you that until now the price of the company’s Premium subscription has remained unchanged. But the cost of other subscriptions was changing. For example, the company raised the price of its Family subscription from $14.99 to $15.99 in the US in 2021, and it also raised the prices of its Student, Duo and Family subscriptions in the UK and some European countries.