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This marks the second price hike which Spotify has made in the last 12 months
Spotify – the Swedish audio streaming platform – announced a price hike for all its plans in the US. With this move, the company aims to “bring s the best experience”, it said. Spotify subscribers in the US will soon receive an email with information regarding the hike in prices and what will happen to their existing subscription plan. The same email will also include instructions on how to cancel Spotify subscription, for those who do not wish to remain subscribed.
In a blog post, Spotify announced that new s will now be able to subscribe to the Individual plan at $11.99 a month, up from $10.99. On the other hand, the Duo plan sees a $2 price hike and is now priced at $16.99. The Spotify Family plan, which was previously listed for $16.99, will now cost $19.99.
However, the Student plan sees no change in pricing and will still be available at $5.99 a month, the audio streaming platform said on Monday.
This marks the second time in 12 months that Spotify has increased its price. The first hike was made in July 2023 for all plans, including a $1 increase for the Individual plan.
Explaining the increase in subscription prices, Spotify said, “On Spotify, s discover and enjoy music, podcasts, and audiobooks. So that we can continue to invest in and innovate on our product features and bring s the best experience, we occasionally update our prices. Over the next month, subscribers in the U.S. will receive an email explaining what this update means for their subscription”.
For those currently enrolled in the Spotify trial offer, the company announced that it will initially offer a one month plan with existing prices, following which it will be revised, in accordance with the hike.
This price hike puts Spotify above Apple Music Student plan costs similar to the one offered by Spotify and is priced at $5.99 a month. However, the Individual plan is now priced at a $1 less, at $10.99 a month.
The biggest gap is with the Family plan which costs $16.99, $3 less than Spotify 's family plan. In addition to these, Apple Music also offers a cheaper $4.99 Voice plan that enables the to access Apple Music's library via Siri.
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