BUSINESS

Spotify Premium Price Increase: Music Streaming App Raises Fees In The US And Several Other Markets; Is India On The List?

The cost of Spotify’s Premium plans has risen in the US and numerous other countries across the world. Spotify is a well-known music and podcast streaming software. This information was released while platform price rise rumors in the media were growing.

The new rates and upcoming developments, in the words of Spotify, will “deliver value to fans and artists.” The new monthly costs in the US range from $5.99 (formerly $4.99/month) for Premium Student to $16.99 (previously $15.99/month) for Premium Family. The cost of Premium Duo and Premium Single is $14.99 (formerly $12.99/month) and $10.99 (previously $9.99/month).

Increase in Spotify Premium Prices: Does India Suffer?
The good news is that India has not yet been impacted by the price increase. Here are the unchanging prices that are presently valid in India in case you need a reminder.

Premium Single: 119 rupees per month

Premium Duo: Rs. 149 per month

Premium Family: Rs. 179 per month

Premium Student: Rs. 59 per month

Andorra, Albania, Argentina, Austria, Australia, Bosnia and Herzegovina, Belgium, Bulgaria, Brazil, Canada, Chile, Colombia, Costa Rica, Cyprus, Denmark, Ecuador, Estonia, Spain, Finland, France, United Kingdom, Greece, Guatemala, Hong Kong, Croatia, Indonesia, Ireland, Israel, Iceland, Italy, Lithuania, Luxembourg, Latvia, Monaco, Montenegro, North Macedonia, Malta, Mexico, Netherlands, Norway, and New Zealand are among the nations whose prices will increase.

In the FAQ, it is stated that “Existing Spotify Premium plan subscribers will be notified via email and given a one-month grace period before the new price becomes effective.”

Benefits of Spotify Premium Premium subscribers get access to high-quality audio, ad-free music streaming, and offline music playing through downloads. The business emphasized its new AI DJ and Blend capabilities in the announcement article.

Daniel Ek, the company’s CEO, reportedly hinted to a potential price increase in the next days in a FoneArena article. The action was taken a few days after YouTube raised the cost of both its standard Premium memberships in the US and the Music app. Music Premium is now $10.99 per month (was $9.99).

Since its 2008 launch, Spotify has grown to have over 200 Premium subscribers and is now the “most popular audio streaming subscription service in the world,” according to the business.

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