Spotify Hikes Premium Plan Prices Again Amid Subscriber Frustration
TL;DR Summary
Spotify is raising its subscription prices again in July 2024, with individual plans increasing from $11 to $12 per month and family plans from $17 to $20 per month. This follows a previous price hike in July 2023. The company aims to boost profitability and invest in new features like podcasts and audiobooks, but some subscribers are frustrated and just want music without additional content. Spotify's stock rose on the news, but customer satisfaction remains a concern.
Topics:business#businesstechnology#music-streaming#podcasts#profitability#spotify#subscription-prices
- Spotify raising prices by up to $3 as frustrated subs beg it to “just do music” Ars Technica
- Spotify is increasing US prices again The Verge
- Spotify stock rises after company unveils latest US price hikes in profitability push Yahoo Finance
- Spotify raising US prices for premium plans, again Fox Business
- Spotify Raises U.S. Prices of Premium Streaming Plans for Second Time in One Year Variety
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