Spotify, the Swedish audio streaming platform, announced a price hike for all of its premium plans in the US. With this move, the company aims to “bring users the best experience,” he said. Spotify Premium subscribers in the US will soon receive an email with information about the price increase and what will happen to their existing subscription plan. The same email will also include instructions on how to unsubscribe from Spotify Premium, for those who do not wish to remain subscribed.
Spotify Premium prices have increased
In a blog post, Spotify announced that new users will now be able to subscribe to the individual plan for $11.99 per month, up from $10.99. On the other hand, the Duo plan has a price increase of $2 and is now priced at $16.99. Spotify's Family Premium plan, previously listed for $16.99, will now cost $19.99.
However, the student plan sees no change in pricing and will still be available at $5.99 per month, the audio streaming platform said Monday.
This is the second time in 12 months that Spotify has increased its price. The first increase was in July 2023 for all Premium plans, including a $1 increase for the Individual plan.
Explaining the increase in subscription prices, Spotify said: “At Spotify, users discover and enjoy music, podcasts and audiobooks. So we can continue to invest and innovate in our product features and offer users best experience, we occasionally update our prices. Over the next month, subscribers in the US will receive an email explaining what this update means for their subscription.”
For those currently enrolled in the Spotify Premium trial offer, the company announced that it will initially offer a one-month plan at existing prices, after which it will be revised, depending on the increase.
More expensive than Apple Music
This price hike puts Spotify Premium above Apple Music in terms of pricing. The Apple Music Student plan is similar in cost to what Spotify offers and is priced at $5.99 per month. However, the individual plan is now $1 less, at $10.99 per month.
The biggest gap is the family plan which costs $16.99, $3 less than the Spotify Premium family plan. In addition to these, Apple Music also offers a cheaper $4.99 voice plan that allows the user to access the Apple Music library through Siri.
