Skip to main content

Spotify Raises Premium Plans Prices Across Several Countries

Spotify Technology on Monday raised prices for its premium plans across several countries including the United States and United Kingdom, as the music-streaming company looks to boost profitability in an uncertain economy. 

The move will result in a $1 (nearly Rs. 80) price increase for Spotify's US plans, with the premium single now starting at $10.99 (nearly Rs. 900), duo at $14.99 (nearly Rs. 1,230), family at $16.99 (nearly Rs. 1,390) and the student plan at $5.99 (nearly Rs. 490). 

Spotify has moved in recent months to boost margins with hundreds of layoffs and a restructuring of the podcast unit, which it had built up with billions of dollars in investment.

The price increases come at a time when streaming services, both audio and video, are under rising investor pressure to boost profitability after years of prioritizing user growth. 

Rivals services from Apple and Amazon.com and Tidal have all increased prices this year, while YouTube also hiked prices last week on its monthly and annual premium plans in the US for the first time since the subscription service was launched in 2018. 

Spotify, which had indicated in April that it would raise prices in 2023, had also raised prices in 46 countries last year. 

The Sweden-based company is due to report its results for the second quarter on Tuesday.

In India, Spotify Premium costs Premium Mini at just Rs. 7 per day, however it is only a one-time plan which can only connect a single mobile device at once. Other plans include the Premium Individual plan at Rs. 119 per month, Premium Duo at Rs. 149 per month and Premium Family at just Rs. 179 monthly. All these three plans come with one month free trial. 

© Thomson Reuters 2023

From the Nothing Phone 2 to the Motorola Razr 40 Ultra, several new smartphones are expected to make their debut in July. We discuss all of the most exciting smartphones coming this month and more on the latest episode of Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.


from Gadgets 360 https://ift.tt/sJWf7TE
Labels:

Comments

Post a Comment

Popular posts from this blog

OnePlus Buds 3 Leaked Renders Reveal Specifications, Could Offer Battery Life of Up to 9 Hours

OnePlus Buds Pro 2 TWS earphones were launched in India in February this year at the company's Cloud 11 event. The Chinese electronics company is now working on OnePlus Buds 3, and the renders of the purported earphones have been leaked online. They reveal the specifications of the audio wearable, and also tease their design. To recall, OnePlus Buds Pro 2 earphones debuted alongside OnePlus 11 . The device is priced at Rs. 11,999 in India and is available for purchase in Arbor Green and Obsidian Black colour options.  In a recent report , MySmartPrice (in collaboration with OnLeaks) have revealed the renders of the OnePlus Buds 3, based on the testing stage phase. The wearable is shown to carry a similar design as the Buds Pro 2, except the metallic finish.  The upcoming wearable is reported to get 48dB Active Noise Cancellation (ANC) support. It can be connected using Bluetooth 5.3 or Google Fast pair, according to the report. The OnePlus Buds...
Post a Comment
Read more

Xiaomi Offers Free Xiaomi 12 Pro Upgrade to Mi 11 Ultra Users Facing Wi-Fi Issues

Xiaomi is offering a free upgrade to a Xiaomi 12 Pro for Mi 11 Ultra users who are facing Wi-Fi issues. These users also have the option to further upgrade to the company's latest Xiaomi 13 Pro by paying an extra fee of Rs. 30,000. Just recently, the company extended the warranty of the Mi 11 Ultra alongside other smartphones by two years, after users complained of camera and motherboard issues. The current offer — including the free upgrade and the paid one, is extended to the Mi 11 Ultra users who are having trouble with Wi-Fi on their handsets. The Xiaomi India President Muralikrishnan B announced the offers in a video message via Twitter. He added that the  Mi 11 Ultra users who had previously paid and upgraded their handsets to the Xiaomi 12 Pro will be offered a full refund. They will need to contact the company online or through the nearest Xiaomi service centre. Notably, this refund is only applicable to users who upgraded their handsets due to Wi-Fi issues....
Post a Comment
Read more