![]() ![]() The new content and features could help justify charging customers more money for access to the premium tier of service. The price increase expected next week comes as Spotify looks to incorporate more audio content and features, including a long-awaited high-fidelity feature. Spotify has around 515 million global users, making it one of the largest streaming audio services in the world. Its business woes forced the company to downsize earlier this year, a move that saw hundreds of employees lose their jobs. Like other media companies, Spotify has also been impacted by a relatively weak ad market over the past year, with companies pulling their marketing budgets in a way that has impacted the bottom lines of major media companies around the world. ![]() The company spent hundreds of millions of dollars acquiring podcast studios like Gimlet and the Ringer along with top talents like Joe Rogan, Barack and Michelle Obama, and Prince Harry and Meghan Markle, with very little in the way of a return to show for those efforts. But it has faced increased pressure from investors to generate more revenue from its services. Spotify has largely resisted raising prices in the United States and elsewhere. Spotify’s competitors, Apple Music and Amazon Music have implemented their own price increases recently, with premium subscribers to each service paying around $11 per month as well. Since last year, Spotify executives have affirmed their desire to raise prices on streamers in order to offset higher licensing costs and other expenses. There is little reason to doubt the accuracy of the report Price increases will also roll out to other countries over the next few months, the Journal said, citing anonymous sources. The price increase will ultimately see Spotify users in the United States pay $11 a month for the privilege of streaming an unlimited amount of music from the service’s catalog of tens of millions of songs and other audio tracks and podcasts. Streaming music service Spotify will raise the price of its Premium tier in the United States by $1, with the announcement coming as soon as next week, according to a report published by the Wall Street Journal on Friday. Premium Duo will see the biggest increase, going from $13 to $15 per month. Premium Family and Student plans will also rise by $1, now costing $17 and $6 per month, respectively. In the US, a Premium Single subscription will go from $10 to $11 per month. For existing SHOWTIME subscribers, you’ll need to cancel any current plans and wait for them to expire before activating.UPDATE : It’s official: Spotify raised its prices. Hulu will automatically switch your billing to Spotify during the sign up, as long as you don’t have any Hulu Add-ons, and you pay Hulu directly and not through a third party. You can use an existing Hulu or SHOWTIME account, or create a new one when you activate the plan. Once your account has been verified, head to your services page to activate Hulu and SHOWTIME. New Premium members can currently get three months free until September 30th. Higher education students at Title IV accredited institutions in the US, above the age of 18 can subscribe to Spotify Premium Students here. ![]() Usually $10.99 per month, get hit originals and more, ad-free with SHOWTIME. Usually $5.99 per month, Hulu offers thousands of shows and movies. Usually $9.99 per month, Spotify Premium unlocks ad-free and offline music. For just $4.99 per month, Spotify Premium Students also get Hulu’s ad-supported plan and SHOWTIME at no extra cost. Unfortunately, Spotify don’t offer this deal anymore to regular Premium users, but students are still in luck. Spotify previously offered a Spotify Premium and Hulu bundle to all US subscribers. How to get unlimited music, TV shows and movies with these three subscription services for one monthly cost. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |