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Spotify Plans High-End Tier for Audiophiles: Report

Spotify plans another high-end tier for audiophiles that will cost at least $5 extra each month, according to a report.

Spotify will introduce a new tier later this year for users who want high-fidelity audio and access to additional playlisting tools, Bloomberg reports. Tapping that pool of cash might help counter the slowing growth of streaming in major markets that are nearing subscription saturation. In this climate, rightsholders are trying to figure out how to allow “passionate fans to self-select into pricier options,” as former Spotify chief economist Will Page wrote earlier this year.

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