Streaming service announces price hike across different regions.
Music streaming service Spotify has just announced that it will be increasing its prices for almost all of its paid tiers. This comes after the company hinted at the price hike last year. Users who will get the increase have been notified by email and will be automatically be charged at the next billing cycle.
For US customers, the price hike will happen only to the Family plan while in the rest of Europe including the UK will prices for the Student, Duo, and Family plans increase. Spotify said that the increase will commence at the end of this month, April 30th. While US customers under the Family plan will only get a $1 increase, users in the UK and Europe might have to shell out £1-2/€6 extra for all the existing paid plans.
Along with that, Spotify has confirmed that users in Asia and South America will also get an increase, though it wasn’t made clear if the Middle East is included. Here in the UAE, a monthly Spotify subscription will cost 19.99 AED, with the Family plan costing 31.99 per month.
Spotify did say that you have one month to decide if you want to keep your subscription due to the increase. Android Authority reports that the price increase is likely due to the company making a loss of almost $150 million during the last quarter of 2020.