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Spotify Announces Price Increases & New Subscription Tier

Published / Sat 6 Apr 2024

Spotify Announces Price Increases & New Subscription Tier

Photo: Spotify Announces Price Increases & New Subscription Tier  /  Credit: Spotify

Spotify has declared adjustments to its subscription pricing in various key markets, which include the United States, the United Kingdom, and Australia. According to a report by Bloomberg, the monthly subscription fee for individual plans will see an increase of $1, while duo or family plans will experience a $2 increase.

Additionally, Spotify plans to roll out a new basic subscription tier, priced at $11 per month. This tier will offer access to most of Spotify’s premium features but will exclude audiobooks, a category that Spotify added to its platform in November 2023.

The announcement of these price changes follows a precedent set in July 2023, when Spotify increased its subscription prices by $1 in various global markets. The specific dates for when the new prices will take effect have yet to be announced by Spotify.

Spotify Updates Subscription Model

The adjustments in Spotify’s pricing come amid broader discussions in the music industry regarding streaming service payouts to rights holders. Labels such as Universal Music Group and Warner Music Group have publicly advocated for higher streaming fees, pointing to the gap between current pricing models and the rate of inflation. Spotify achieved its first profitable fiscal year in the third quarter of 2023 and reports having over 600 million users.

Despite this, Spotify recently cut more than 1,500 jobs as the music streaming service blamed a slowing economy and higher borrowing costs for the latest round of redundancies at big tech companies.

Daniel Ek, Spotify’s billionaire founder and chief executive, stated that the company had decided to cut 17% of its workforce, marking the third and steepest round of redundancies in 2023, as the company faced pressure from an activist investor.

Primordial General Mayhem

Primordial Radio is hugely excited to announce that the unique and ever-evolving London 2-piece BOB VYLAN is set to headline the main event of the Primordial General Mayhem on Saturday 27th April 2024, with four-piece, loud, unapologetic, rock outfit from Nottingham, AS DECEMBER FALLS confirmed as main support.


Primordial General Mayhem 2024 Line-up

Get Tickets

– The Primordial General Mayhem 2024
– Friday 26th and Saturday 27th April
– KK’s Steel Mill: Wolverhampton, UK

Tickets on sale now.

In October 2023, Spotify announced changes to its royalty payment structure, including a new policy requiring artists to meet a certain threshold of streams before qualifying for compensation. The company also committed to taking action against fraudulent and non-musical audio content.

Returning to the platform, artists Neil Young and Joni Mitchell have made their music available on Spotify once again after previously boycotting the service. This move comes as the service implements its latest subscription price adjustments.

Spotify recently announced a new rock playlist entitled MARROW that declared “Rock Never Dies” in a promotional video.

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