After Apple, Spotify Plans to Increase Pricing Soon – Review Geek
And we’re not talking about the Platinum plan.
Oct 26, 2022, 11:01 am EDT | 1 min read Kaspars Grinvalds/Shutterstock.com
In case you missed it, earlier this week, Apple announced it is raising prices on its music streaming service, YouTube did the same last week, and now it sounds like Spotify is next. If so, the days of affordable music streaming could be coming to an end.
Spotify just posted its third-quarter earnings report, showing continued growth in subscribers, revenue, and more. However, shortly after, CEO Daniel Ek casually said he would like to increase pricing for subscribers in the United States.
And while price hikes are something no one wants to hear about, Spotify’s individual plan has remained at $9.99 per month since 2011, and I’m honestly surprised it took this long. That said, we can assume many others will follow suit now that Apple has made the first move.
Daniel Ek said about price increases for Spotify, “it’s a conversation we will have in light of these recent developments with our label partners.”…
Read Full Article Source