Spotify to Introduce Costlier HiFi Audio Subscription Plan

Spotify is reportedly launching a HiFi tier with lossless music streaming through a "Supremium" plan later this year, which might cost more than the current premium plan of $9.99 per month. The plan will also include access to audiobooks and will first launch in non-U.S. markets. The company first announced the HiFi tier back in 2021, but the launch has been delayed. The costlier plan might not necessarily push the subscriber number by a lot, but it should increase the average revenue per user and add value to people who want to access lossless music from Spotify.