Spotify Set to Launch Premium Subscription Tier: What We Know
As the costs of media streaming subscriptions continue to escalate, the rise in price from various platforms has become somewhat predictable. In light of this trend, Spotify is reportedly preparing to unveil a new subscription plan later this year that will come with a higher price tag.
A Look at Current Plans
At present, Spotify features multiple tiers for its Premium subscription service across the United States. These include: Premium Individual priced at $11.99 per month, Premium Duo for $16.99 monthly, Premium Family which costs $19.99 each month, and a discounted plan for students at $5.99 per month.
The Upcoming Pro Subscription
The anticipated Pro-tier subscription is expected to be priced approximately $6 higher than existing plans and aims to offer enhanced benefits such as superior audio quality, exclusive access to concert tickets, and even tools for editing songs.
Status of Development
While details about the Pro plan remain limited at this time—such as its specific rollout date—reports indicate that Spotify is actively testing new features associated with this upcoming tier.
Source: Bloomberg