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Spotify Raises Premium Subscription Price

July 25, 2023
Spotify Raises Premium Subscription Price
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Spotify plans to increase the price of its single-account premium for the first time since 2011, while the prices of other programs will also rise.

Regarding the UK, the subscriptions will rise by £1 a month to £10.99 for an individual plan, £14.99 for a premium duo plan, and £17.99 for a family plan.

Meanwhile, the price of a student plan remains unchanged at £5.99.

The move follows other streaming services which have also increased subscription costs.

Similar price hikes also apply to the US, Canada, and 49 other territories.

As for the US, the cost will jump from $9.99 to $10.99 (£8.57) for those with an individual plan. The premium duo plan will increase from $12.99 to $14.99, the family plan from $15.99 to $16.99, and the student plan from $4.99 to $5.99.

“So that we can keep innovating, we are changing our Premium prices across a number of markets around the world,” the music streaming service announced. “These updates will help us continue to deliver value to fans and artists on our platform.”

Spotify highlighted that the users “will be given a one-month grace period before the new price becomes effective unless they cancel before the grace period ends.”

The music giant cut 6% of staff in January, citing a need to improve efficiency.

Tags: Spotify
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