Spotify Premium subscriptions are now increasing:
In the US in July news of the relocation surfaced in April. The platform is raising the monthly cost of its plan from $11 to $12 and its Duo plan from $15 to $17, which is the same increase as the $1 and $2 pricing increases from the previous year. Nevertheless, the monthly cost of its Family plan would rise by a staggering $3, from $17 to $20. The only subscribers getting a break are students, who will continue to pay $6 monthly.
Less than a year after its last price increase in July of last year, Spotify unveiled these new ones. Prior to that, Spotify hadn’t increased its prices since its debut fifteen years ago. It seems that expecting the subsequent rise to happen so slowly was overly optimistic, particularly considering Spotify’s ongoing emphasis on audiobooks and subsequent cash cow.
Within the next month, Spotify premium users should receive an email from the company outlining the price increase and, if they’d want, a link to cancel their subscription. When Spotify’s current trial period expires, users will receive one month for $11, following which they will be charged a $12 monthly fee.
Credit:MartAllneeds engadget