The streaming platform previously raised the price of their service last summer Spotify have announced that it will be raising the price of its monthly premium plan. Last summer, the streaming platform hiked its subscription prices for the first time ever in the 10 years since the streaming service launched . At the time, the premium plan went up to £10.
99 per month, up from the previous price of £9.99 monthly in the UK. In The US, the premium subscription increased from $10 to $11 monthly.
Now, in the US, the price of the streaming platform’s premium subscription will be raised by $1 with it now costing $11.99 monthly. The Duo plan’s price will be raised by $2 at $16.
99 per month. The family plan will see a rise of $3 at 19.99 per month while Spotify’s student plan will remain at the discounted price of $5.
99 a month. These new prices will go in effect for existing Spotify subscribers next month. New subscribers will be charged the new prices immediately.
Back in April, the streaming platform implemented a price hike in their streaming plans in five markets, including the UK, Australia, and Pakistan . Spotify logo screened on a smartphone and headphones are arranged for illustration photo. Krakow, Poland on March 5th, 2024.
(Photo by Beata Zawrzel/NurPhoto via Getty Images) Speaking to City A.M. , a Spotify spokesperson said that the subscription price hike was done “so that we can keep innovating and delivering value to fans, the music industry, and creators on ou.