Simply once you thought your month-to-month subscription was protected, Spotify has determined to boost costs—once more. Beginning subsequent month, US subscribers will face larger charges for Premium, Duo and Household plans, marking the second improve inside a yr.
Starting in July, Spotify Premium will price $11.99 per thirty days, up from the earlier $10.99. Duo plans will rise by $2 to $16.99 per thirty days and Household plans will see a $3 improve, bringing the full to $19.99 per thirty days.
Spotify justified these will increase by stating, “So that we can continue to invest in and innovate on our product features and bring users the best experience, we occasionally update our prices.”
The streaming big is way from alone on this inflationary pattern. Main rivals like Netflix, Hulu and Disney Plus have additionally raised their costs not too long ago, main many to query the longer term affordability of streaming providers.
Likewise, for a lot of artists, Spotify’s cost mannequin stays a contentious concern. The platform pays royalties primarily based on an artist’s share of general streams, amounting to roughly $0.003 to $0.005 per play, not sufficient for the overwhelming majority of artists to maintain a residing wage.
Satirically, the corporate’s announcement comes at a controversial time. Simply days in the past, Spotify CEO Daniel Ek confronted backlash for a publish on X claiming that the price of creating content material was “close to zero,” a press release broadly lambasted by musicians who argued that producing high quality music is way from free. Ek finally backpedaled however continues to be dealing with quite a lot of criticism.
