Spotify Plans to Increase Subscription Costs in Several Countries

Spotify Plans to Increase Subscription Costs in Several Countries

Fojap - The beloved music streaming service among youths, Spotify, is planning to raise subscription prices in several countries. This upcoming increase, said to be the umpteenth, is expected to bring about several enhancements, including the introduction of a new tier.

Spotify Plans to Increase Subscription Costs in Several Countries

Spotify Plans to Increase Subscription Costs in Several Countries

Information regarding Spotify's plan to raise prices in several countries has been reported by Bloomberg. The site outlines the giant music streaming platform's plan, which is said to raise subscription fees across all platforms.

Upon closer inspection, it's explained that the subscription fee increase will range from 16,000 Indonesian Rupiah for individual packages to 32,000 Indonesian Rupiah for family and duo packages.

The latest Spotify subscription fees are planned to be implemented in the world's five largest markets, including the UK, Australia, Pakistan, and two other countries which unfortunately haven't been clearly specified.

Furthermore, Spotify plans to enforce its new pricing effective at the end of April 2024, and it's said to raise subscription costs in the United States, besides the two countries not mentioned earlier.

However, after further investigation, there's no certainty whether Indonesia is included in Spotify's list of subscription fee increases.

Will There Be a New Tier?

Spotify Plans to Increase Subscription Costs in Several Countries

The news of Spotify planning to increase subscription costs in several countries doesn't stop there. Apparently, the music streaming platform will introduce a new tier that only offers music and podcasts, without the audiobook service, at a more affordable price.

Daniel Ek, CEO of Spotify, explained that the company is currently striving to maintain its sustainability, one of which is by increasing monthly subscription fees. Daniel also mentioned that podcasts have been the 'biggest burden' for the company since 2023.

In addition to the more affordable tier, Spotify is also reportedly planning to release its newest premium tier in the near future, promising significantly enhanced audio quality, albeit at a slightly higher price.

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