Spotify increases prices for its premium subscription plans
Spotify stated on Monday that it would raise the cost of its Premium subscription plans in the United States by up to $2, which equates to a 20% price increase for some plans. According to the business, the market environment has “continued to evolve” and the modifications would enable it to “continue to deliver value to fans and artists.” Existing customers will receive email notifications about the pricing increases and a “one-month grace period” before the new costs take effect. Raise the cost of its Premium subscription plans On Monday, Spotify revealed it would raise the cost of its Premium subscription plans by up to $2, which equates to a 20% price increase for some plans. According to a blog post, the business claimed that since Spotify’s inception, the market environment has “continued to evolve” and that these changes will enable it to “continue to deliver value to fans and artists.” The price of Spotify’s Premium Individual plan has increased to $10.99 from $9.99...