Spotify is reportedly planning price increases and working on new tier offerings. The music streaming service is set to raise monthly prices by approximately $1 to $2 in five markets, including the UK, Australia, and Pakistan, by the end of this month. A price hike is also expected in the United States later this year.
Alongside the price adjustments, Spotify is developing new plan offerings. One of these is a new basic tier that will provide access to music and podcasts at the current price of $11 a month for an individual premium plan. However, users opting for audiobooks would need to pay an additional fee. Another offering in the works is a 'supremium' plan that would include features like high-fidelity audio.
