Spotify Raises Prices for US Premium Plans

Entertainment

Capitalist Money June 3, 2024 Learn more

[{"selector":"#anim-feb3cb9e-e543-4d9d-8b82-607d26ee7000 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-0eaa20f3-ec8e-4338-80a8-a9b09ba04f2f","keyframes":{"transform":["translate3d(-115.2381%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":10,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-969091cd-8210-4bd9-92c3-a9671888d44a","keyframes":{"opacity":[0,1]},"delay":10,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4ab6de21-e096-4642-8c8f-db382e837c7d","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":10,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-501f915a-27d1-4a14-b922-ce4fd38fc7cd","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a7455680-57c9-452b-8ef8-9b2196c3e95e","keyframes":{"transform":["translate3d(-115.2381%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ff71caff-0ebe-41d4-bc1e-03ca91452aa9","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-630944d3-6eb6-4c73-934a-a314a94e598f","keyframes":{"transform":["translate3d(0px, -330.09244%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Spotify has announced price hikes for its individual, duo, and family premium plans in the United States, citing the need to invest in product innovation and features. Spotify Raises Prices for US Premium Plans Learn more

[{"selector":"#anim-fb973595-5b65-455e-b000-940b068b27b2 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-f462faae-28c0-479f-8322-4cd0abf5222e","keyframes":{"transform":["translate3d(-116.19048%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":10,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5d0e38d1-cf09-411f-ba21-7775160f8953","keyframes":{"opacity":[0,1]},"delay":10,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2c272796-32c4-4171-b3f3-4bd9e32f1d6b","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":10,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-efb9ec6a-0c9f-4d39-9fd7-be08d27b12aa","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5b8b8854-5b72-472e-8f2a-709ff331ab19","keyframes":{"transform":["translate3d(-116.19048%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-abd72976-9df5-4edf-81f1-e04675cd3a00","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-325ef159-c746-4ee0-904b-1c8e6c3e6b42","keyframes":{"transform":["translate3d(0px, -330.09244%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The cost of Spotify's individual premium plan has increased from $10.99 to $11.99 per month for US subscribers. Individual Plan Now $11.99/month Learn more

[{"selector":"#anim-a0a2c311-1243-46b1-8cbc-0c9d31cba1c3 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-2f552e49-aec8-4f04-b236-2aaa944d2c24","keyframes":{"transform":["translate3d(-115.87301%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":10,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b400d0fd-70b2-474b-afe3-4c5aeb350c6a","keyframes":{"opacity":[0,1]},"delay":10,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-81f2b404-0a31-4d24-aca8-910631a98090","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":10,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-32833af3-26e8-4bca-8f6b-cdfb1e352e60","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7b4a98ff-b2c0-4d47-946a-9b6678554703","keyframes":{"transform":["translate3d(-115.87301%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3067d2b1-bb35-4e66-ad81-f224002105bd","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6557ab3c-d3ff-4704-ac3e-2aa95f7bb837","keyframes":{"transform":["translate3d(0px, -330.09244%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Spotify's duo premium plan, designed for two users, has seen its price increase from $14.99 to $16.99 per month. Duo Plan Sees Price Jump to $16.99/month Learn more

[{"selector":"#anim-f43bd0cf-8953-4bf9-8f85-0ca2cf594389 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-1.0658141036401503e-14%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-a822ee53-77aa-467d-9797-f072b308b50b","keyframes":{"transform":["translate3d(-115.87301%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":10,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2ddc625c-491b-46db-98af-64421270a0a9","keyframes":{"opacity":[0,1]},"delay":10,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9d6402da-2140-4def-9e56-7d6921da4f81","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":10,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-5281f903-ef92-42cf-a4e5-2cd5ec8c6711","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-acc7d58d-3c95-45e8-b5e5-b5c73f87747a","keyframes":{"transform":["translate3d(-115.2381%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ed709657-1b9f-4b2c-9557-910f0c7be223","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-070a9fc4-4db3-4ecb-9b87-eb66b1a56bc3","keyframes":{"transform":["translate3d(0px, -330.09244%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] US subscribers will now have to pay $19.99 per month for Spotify's family premium plan, up from $16.99. Family Plan Now Costs $19.99/month Learn more

[{"selector":"#anim-9e6218f3-442e-474a-88b8-d073cbd3d69f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-d3dbf9fa-2252-4386-9630-3e0835989b6b","keyframes":{"transform":["translate3d(-115.87301%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":10,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c8f09874-fdde-4d2a-8f09-7d2e85294e03","keyframes":{"opacity":[0,1]},"delay":10,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-06d69cfd-d6d4-47b9-8209-9eb6df6bcb87","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":10,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-e73450e5-11f1-41c8-8567-7b1c724a0395","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-be9c691c-0b99-4ea7-8d08-6c29304e9a06","keyframes":{"transform":["translate3d(-115.87301%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2cc463f9-8212-479c-b60c-4be621114c6a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-01c49d74-7395-4c58-aeea-ee082f90be4d","keyframes":{"transform":["translate3d(0px, -330.09244%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Spotify's price increases come after the company implemented measures to boost margins, including marketing spending cuts and layoffs. Price Hikes Follow Margin Improvement Efforts Learn more

[{"selector":"#anim-a0734093-e788-44e5-a983-55abb883d10f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-91f72403-0227-4794-b0e6-d53596577275","keyframes":{"transform":["translate3d(-116.19048%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":10,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d60bb791-ec7e-4dac-8dbb-16c3dec6677d","keyframes":{"opacity":[0,1]},"delay":10,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-149576e5-2ba4-48cd-b9d2-3a2267677569","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":10,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-83ede253-ae15-48ee-97dc-938de40b5fe9","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-94c08fb0-c9fe-42f6-ac88-9a0d1d6c6bbe","keyframes":{"transform":["translate3d(-115.55555%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f68912d7-2b02-4e0e-a93a-712ae347c148","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0bae8165-fe7f-4859-854e-74222301c262","keyframes":{"transform":["translate3d(0px, -330.09244%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Investors reacted positively to Spotify's price hike announcement, with the company's shares rising approximately 4% in premarket trading. Spotify Shares Rise on Price Hike News Learn more

[{"selector":"#anim-5d85262b-146e-4a79-9986-a2cc65d6101a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-d7a92e54-374c-44f7-b172-9415d1765153","keyframes":{"transform":["translate3d(-116.19048%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":10,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d79c096c-b46a-4285-95c1-f1c2e54dc48a","keyframes":{"opacity":[0,1]},"delay":10,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-afb274c0-46da-4739-b6e1-d38f1a7d42f6","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":10,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-9ce72b06-12a0-46d8-8c5d-57a271dbbe56","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d63c5729-4af1-409e-8ddb-b549ea45fac5","keyframes":{"transform":["translate3d(-115.55555%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0495e6c6-4a75-45b6-91be-e3d9807b3f68","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4866d41c-bf4e-4c7b-a5cb-02f58b1b435b","keyframes":{"transform":["translate3d(0px, -330.09244%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Industry analysts believe Spotify could further drive growth by offering customized subscription plans catering to specific user preferences in areas like music, audiobooks, and podcasts. Analysts See Potential for Tailored Subscription Plans Learn more

[{"selector":"#anim-eb00abdb-1a32-439b-95aa-50cb0d6dd9c7 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-73560ed6-180e-4776-8095-e168082d479b","keyframes":{"transform":["translate3d(-116.19048%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":10,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f1605f24-685a-4b2a-8268-03de2dabf77a","keyframes":{"opacity":[0,1]},"delay":10,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d7fe71b3-b3bf-45a4-a916-0ff806b0c831","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":10,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-38fe09d3-b662-4ae7-8dd9-47f6680711bc","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2410331c-3f4d-4d47-94ac-08fdf119d592","keyframes":{"transform":["translate3d(-116.19048%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0424f097-92ef-40bc-8ca3-05c4e7931ffb","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f6027b95-38c4-4b15-8f80-a34b5988e9c9","keyframes":{"transform":["translate3d(0px, -330.09244%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] In the first quarter of the year, Spotify surpassed 1 billion euros in gross profit for the first time, attributed in part to reduced marketing expenses. Spotify Achieves Quarterly Gross Profit Milestone Learn more