Spotify is increasing subscription costs in the week across the U.K., alternative elements of Europe, and therefore the United States.
Subscribers have begun receiving emails regarding the changes, which can have an effect on the Student, couple and Family plans across Europe and the United Kingdom, whereas the U.S. will solely see value hikes for its Family subscriptions. Single Spotify Premium subscriptions will stay unchanged.
In the United States, Spotify Family is increasing from $14.99 to $15.99 per month. However, prices for Duo, Premium, and Student subscriptions will keep an equivalent for now.
In the United Kingdom, Spotify Student will reportedly see a increment from £4.99 to £5.99 per month. The couple subscription (for two people) can currently value £13.99, whereas the Family subscription has jumped from £14.99 to £16.99 per month.
Ireland and one or two alternative European countries will see subscription prices for each Student and couple increase by €1 each.
The Family setup will now cost the maximum amount as €17.99, as compared to the previous tag of €14.99. Asian subscribers are going to be notified a minimum of a month before their prices are changed; for now, the costs stay the same. “We provide a range of subscription plans tailored to our user’s needs, and that we sometimes update our prices to mirror native economics factors and meet market demands whereas giving an unequaled service,” says a Spotify spokesperson.
Spotify’s value surge comes solely a couple of months once the corporate disclosed that it “now has over one hundred fifty million subscribers”.
However, despite this number, the app still lost €125 million within the previous quarter, prompting a rise in subscription costs.