Spotify raises the price of its premium membership services across all countries.
Spotify, the popular music streaming service, has announced that it will be raising its premium subscription prices in several markets worldwide. The company stated that the decision to adjust the prices comes as the market landscape continues to change, and they aim to keep innovating and delivering value to both fans and artists on their platform.
In the United States, the Premium Individual plan will now cost $10.99, up from $9.99, and the Premium Duo plan will increase to $14.99 from $12.99. The Premium Family plan’s price will be raised to $16.99, up from $15.99, while the Student plan will cost $5.99, up from $4.99.
The price increases are not limited to the US; Spotify will also be adjusting prices in 53 other countries, including Canada, France, the UK, Mexico, and Australia. Existing subscribers will be informed about these changes through email and will have a one-month grace period before the new prices take effect.
It’s worth noting that other music streaming services have also made similar moves. Last fall, Apple Music raised its subscription fee for individuals to $10.99 per month, and Amazon Music Unlimited increased its monthly rate to $10.99 for non-Prime members. Recently, Google-owned YouTube also raised the price of its Premium individual plan by $2 in the US for both new and current customers, bringing it to $13.99 per month instead of $11.99.