Xorte logo

News Markets Groups

USA | Europe | Asia | World| Stocks | Commodities



Add a new RSS channel

 
 


Keywords

2024-04-03 16:30:13| Engadget

Fish swim, birds fly and streaming services increase their prices. Thats (mostly) the way of things. After maintaining the same pricing for Premium for a long time, Spotify looks set to increase it twice within a year in some countries. According to Bloomberg, Spotify Premium will be around $1 more for an individual plan and about $2 costlier for family and duo plans by the end of April in a few markets, including the UK, Australia and Pakistan. The report suggests the US is in line for a similar increase later this year. The higher fees are expected to offset the costs of audiobook offerings. Since October, Premium users in select markets have been able to listen to 15 hours of audiobooks per month at no extra cost. The company is said to have seen strong levels of audiobook consumption so far. If users go over the 15-hour limit, they can pay for a 10-hour top up. Its there that Spotify makes more money from its Premium audiobook library. The company also sells audiobooks on its web store. Spotify has been chasing profitability since it went public in 2018 and to help it get there, its said to be preparing several more subscription tiers. One of those (a more expensive option) will reportedly offer high-fidelity audio, a feature the company has long been promising. It may also introduce a basic tier that includes ad-free music and podcasts, with audiobooks being cut out. This plan is expected to cost $11 per month, the same as Spotify currently charges for Premium. As such, that $10 audiobook-only plan Spotify introduced in the US last month is starting to make more sense.This article originally appeared on Engadget at https://www.engadget.com/some-spotify-plans-are-reportedly-getting-more-expensive-soon-143013215.html?src=rss


Category: Marketing and Advertising

 

Latest from this category

22.04Embracer Group is splitting up its messy gaming empire into three different companies
22.04The Morning After: House votes in favor of bill that could ban TikTok
22.04Proton Mails paid users will now get alerts if their info has been posted on the dark web
22.04Tinder is making it easier to share date details with family and friends
21.04Tesla makes its controversial Full Self-Driving software cheaper by $4,000
21.04Biden signs bill to reauthorize FISA warrantless surveillance program for two more years
20.04House votes in favor of bill that could ban TikTok, sending it onward to Senate
20.04Tesla cuts Model Y, X and S prices in the US and says its ending the referral program
Marketing and Advertising »

All news

22.04Embracer Group is splitting up its messy gaming empire into three different companies
22.04The Morning After: House votes in favor of bill that could ban TikTok
22.04UK: The UKIPO Updates Its Policies To Tackle Ineffective Addresses For Service - K&L Gates
22.04United States: Served? Better Be Protected! BGL's Top Three Tips For Responding To Administrative Subpoenas. - Brown, Goldstein & Levy
22.04United States: Robot Rights: Can AI Achieve Personhood? (Video) - Gamma Law
22.04United States: Minnesota Legislative Update 2024, Part II: Don't Miss The OmnibusLegislators' Last Chance To Pass Employment Law Bills - Ogletree, Deakins, Nash, Smoak & Stewart
22.04After GSPL, tariff cuts for GAIL also cant be ruled out. Gajendra Singh of PNGRB explains why
22.04United States: U.S. Supreme Court Limits Civil Liability For Pure Omissions - Arnold & Porter
More »
Privacy policy . Copyright . Contact form .