Avid Photographer. Travel the world to capture moments and beautiful photos. Sony Alpha User Spotify ( NYSE: SPOT ) revealed additional subscription plans on Friday as the music streaming service differentiates itself from competitors through its audiobook offerings.
Spotify has introduced Basic and Premium plans, with the Premium plan featuring 15 hours per month of audiobook listening time from a catalog of more than 250,000 titles on top of unlimited ad-free music. The difference in prices are minimal, being $11.99 per month for Premium individual and $10.
99 per month for Basic. Spotify now offers an audiobooks plan as well, offering 15 hours of audiobook listening and ad-supported music for $9.99 per month.
The streaming music subscription plans offered by Spotify, Apple ( AAPL ) Music, Amazon ( AMZN ) Music Unlimited and Google's ( GOOG )( GOOGL ) YouTube Music are fairly similar in price. They offer Student plans ranging from $5.49 to $5.
99 per month, Individual plans are all about $10.99 per month and Family plans range from $16.99 to $19.
99 per month. However, Amazon Music Unlimited offers a slightly cheaper Individual plan of $9.99 per month and a single device plan of $5.
99 per month. Despite Spotify plans costing slightly more than some other music streaming services, the Sweden-based company continues to drive up its subscription base. Its most recent financial results featured a 23% year-over-year increase in monthly active users and a 14% subscriber bump.
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