Spotify ups prices for premium offerings

The Sweden-based music streaming platform Spotify has upped the prices for its premium subscription across several of its markets including the UK and the US.

Spotify revealed in the UK its premium offerings will increase by £1 with the premium individual jumping from £9.99 to £10.99 and the premium student from £4.99 to £5.99. The music company’s premium duo offering and premium family is now priced at £14.99 and £16.99 respectively.

While in the US Spotify premium bundles go up by $1, to $9.99 for premium individual, $5.99 for premium student, $14.99 for premium duo and $16.99 for premium family.

Other markets affected by the price hike includes Andorra, Albania, Argentina, Austria, Australia, Bosnia and Herzegovina, Belgium, Bulgaria, Brazil, Canada, Chile, Colombia, Costa Rica, Cyprus, Denmark, Ecuador, Estonia, Spain, Finland, France, Greece, Guatemala, Hong Kong, Croatia, Indonesia, Ireland, Israel, Iceland, Italy, Lithuania, Luxembourg, Latvia, Monaco, Montenegro, North Macedonia, Malta, Mexico, Netherlands, Norway, New Zealand, Peru, Portugal, Serbia, Sweden, Singapore, Slovenia, Slovakia, San Marino, Thailand, Türkiye, Kosovo.

Spotify’s price increase follows a number of other streaming providers that have raised the costs across its subscription offerings, including Netflix, Peacock, Apple and YouTube.

The music company was recently reported to be mulling over plans to add full-length music videos to the app, in an aim to rival with video platforms YouTube and TikTok.

Spotify said, “With 200+ million Premium subscribers, we’re also proud to be the world’s most popular audio streaming subscription service, giving Premium users access to on-demand and ad-free music listening, offline music downloads, and quality music streaming. The market landscape has continued to evolve since we launched. So that we can keep innovating, we are changing our Premium prices across a number of markets* around the world. These updates will help us continue to deliver value to fans and artists on our platform.”

Spotify premium subscribers will be billed the new costs next month.