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Spotify Plans More Price Increases in 2024: Report
Spotify plans more price increases in 2024, with monthly subscriptions for individuals and families going up, according to a Bloomberg report.
Spotify previously raised the price of premium individual plan by $1 in North and South America, Europe, and Asia last year. Appearing at a Morgan Stanley conference last year, Warner Music Group Robert Kyncl noted that the price of individual streaming subscription plans continued to lag behind inflation. Bloomberg also reported on Wednesday (April 3) that Spotify plans to introduce a new payment tier: $11 a month for individuals who only want access to music and podcasts.
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