It’s official, Spotify raises prices on premium subscription plans in some countries (among which is Spain) and that it hopes that, in the near future, it will continue to expand to the rest of the world. If you want to know more information, Keep reading that we tell you everything.
Spotify raises prices again
According to the CEO of the company, daniel ek, “So that we can continue to innovate, we are changing our Premium pricing in a number of markets around the world. These updates will help us continue to deliver value to fans and artists on our platform.”
The Swedish company has always been very reluctant to raise prices, especially for its highest plan, with the aim of being able to compete with Apple Music in another section, since, if you have a lower price, it is possible that there will be more people who purchase your subscription.
Now, due to the current situation, Spotify has been forced to increase its subscription plangoing from 9.99 dollars to 10.99 euros, although it has already stated that this measure will be expanded to the rest of the world market and will not remain only in the US.
Spotify has not been the only one that has raised prices, since, Apple Music carried out the same strategy a year earliergoing from 9.99 euros to 10.99 and Amazon Music followed soon after. Perhaps the main difference is that Apple has its plan Apple One, which bundles all of Apple’s subscription services into a single subscription, saving consumers money. This price range is mainly due to a increase in licensing costs, and in turn, artists and songwriters will earn more from streaming their music.
Other Spotify news
Spotify is taking a deep platform renewal plan, launching numerous novelties with the aim of continuing to be a benchmark in music and offering new tools to artists with the aim of increasing their income. For this reason, Spotify has launched new features that we will describe below:
- Live events and in-app purchases: If you add a location to Spotify, you can search for all the concerts that take place near your region. Concerts are directly related to your musical tastes. You will also be able to buy tickets or tickets, as well as indicate “I am interested”
- merchandising: Spotify has included the possibility of being able to buy official products from your favorite bands, with the aim that you can buy t-shirts, records, vinyl or direct links to their page. In addition, you can pay both in the official currency, dollars or use your local currency.
- Smart Shuffle Mode: This mode allows you to discover music and listen to your favorite tracks. To activate this function, you have to go to the bottom right and click on the icon with two stripes and a circle.
- News on podcast: Spotify has added a possibility to watch videos of the podcast as well as the transcription of the audio for those with special needs. However, it can also be very useful for those people who are working on the language and want to listen to the transcription.