Spotify to raise US subscription prices early next year, affecting Premium and Family plans for millions of users.
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Spotify to Raise US Subscription Prices
What’s Happening With Spotify US Subscription Prices? Spotify will raise US subscription prices early next year, impacting millions of Premium and Family plan users. This move comes after years without price changes in the U.S., while the company has already increased rates in other regions. Many subscribers are wondering how much more they’ll pay and why Spotify is making this adjustment now. Image : Google Why Is Spotify Raising US Subscription Prices? The price hike is largely driven by pressure from major record labels and rising operational costs. Analysts note that subscription fees have lagged behind inflation, while video streaming services like Netflix have seen consistent price increases. Spotify aims to boost revenue and strengthen its path to profitability, with estimates suggesting a $1-a-month rise could generate an extra $500 million annually. When Will Spotify US Subscription Prices Increase? The new pricing is expected in the first quarter of next year, though Spotify has n…
