Business

Spotify Increases Prices to Boost Profits

By Lucas Banda, Jun 4, 2024
 

SAN ANGELO, TX – Music streaming platform Spotify announced an adjustment to its Premium subscription prices in the United States. 

The new rates will take effect over the next month, with current subscribers receiving notification emails outlining the changes.

Spotify email screenshot. 

Spotify

The updated prices for new subscribers are as follows: Premium Individual at $11.99, Premium Duo at $16.99, Premium Family at $19.99, and Premium Student at $5.99. 

Current subscribers of the Premium Individual plan will see their monthly rate increase from $10.99 to $11.99 starting in July.

Spotify stated that the price increase is necessary to continue investing in and innovating its product offerings and features, ensuring users receive the "best experience."

Subscribers who do not wish to continue with the new pricing can cancel via their account page or contact Spotify support for further assistance. 

For those on a trial period, the new rate will apply after the trial ends, with one additional month charged at the current rate of $10.99 before the price increase.

Click here for Spotify support. 

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