After years of on-again off-again income and losses, Spotify is elevating its subscription value for U.S. subscribers by $1 in hopes of staying within the black.
Whereas the change hasn’t been introduced but, the price of Spotify’s ad-free premium plan will soar to $10.99 month-to-month, up from $9.99 month-to-month for U.S. subscribers. This marks the corporate’s first value hike since its introduction.
Nevertheless, the corporate’s incapacity to stay worthwhile and elevated strain from traders and music executives has made the value hike all however inevitable.
According to The Wall Road Journal, the value hike is predicted to be introduced the week of July 24. The corporate will possible increase costs in different markets within the coming months.
Apple Music raised the cost of a person subscription from $9.99 to $10.99 in October. Amazon Music Limitless, Amazon’s all-you-can-play music streaming service, is $8.99 for Prime subscribers or $10.99 for non-Prime subscribers.