Prepare yourselves because Spotify is preparing to launch a more expensive subscription tier featuring exciting new capabilities. According to a source close to Reuters, Spotify is nearing the release of this new plan, which has been a topic of speculation for some time.
This upgraded subscription will focus on HiFi audio streaming and will include advanced tools for creating and managing playlists and song libraries. It’s expected to come with an average price increase of about $5, varying by region, constituting a significant 40% hike in most markets.
Recently, Spotify raised its subscription fees in the US by $1 for individual plans, $2 for Duo plans, and $3 for family plans, all aimed at improving profitability.
