1. Spotify is increasing the price of its Premium subscription in the United States from $9.99 per month to $11.99 per month. This change is set to take effect on April 30th, 2023. The price increase is likely due to rising costs and the need to maintain Spotify's competitiveness in the streaming music market.
2. The new $11.99 per month price will apply to Spotify's individual Premium plan. The family plan, which allows up to six accounts, will also see a price increase from $14.99 per month to $15.99 per month. Spotify's student plan, which costs $4.99 per month, will remain unchanged.
3. Spotify has stated that the price increase is necessary to "continue delivering value" to its users. The company has been investing heavily in podcasts and other content in recent years, which may have contributed to the need for higher subscription fees. Despite the price hike, Spotify remains one of the most popular music streaming services, with over 200 million paid subscribers worldwide.