San Francisco: Music streaming giant Spotify has announced it is raising its premium subscription prices across a number of markets around the world. "The market landscape has continued to evolve since we launched. So that we can keep innovating, we are changing our Premium prices across a number of markets around the world. These updates will help us continue to deliver value to fans and artists on our platform," Spotify said in a blogpost on Monday.
In the US, Spotify's Premium Individual plan now costs $10.99, up from $9.99, and the Premium Duo plan has increased to $14.99 from $12.99. The Premium Family plan will now be priced at $16.99, up from $15.99, and the Student plan will cost $5.99, up from $4.99. Apart from the US, Spotify is increasing prices in 53 other countries, including Canada, France, the UK, Mexico and Australia.
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Moreover, the music streaming giant said that the existing subscribers will be notified about the price changes via email and be given a “one-month grace period” before the new prices go into effect. Last fall, Apple Music had hiked its subscription fee for individuals to $10.99 per month, with the family plan increasing to $16.99/month, among other changes.
Amazon Music Unlimited also hiked its monthly rate to $10.99 (for non-Prime members). Last week, Google-owned YouTube increased the price of a Premium individual plan by $2 in the US for new and current customers. Users will now have to pay $13.99 per month instead of $11.99. The plan will cost $18.99 if users are subscribing from the iOS YouTube app. (IANS)
(This story has not been edited by ETV Bharat and is auto-generated from a syndicated feed.)
