Spotify to increase premium subscription prices
Spotify is increasing its premium subscription prices, the company said on Monday. Picture: Gabby Jones/Bloomberg
Spotify is increasing its premium subscription prices, the company said on Monday. Shares in the company gained in premarket trading after it announced price hikes in many markets outside the US.
The Swedish music streaming company is updating prices across South Asia, the Middle East, Africa, Europe, Latin America, and the Asia-Pacific region, according to a statement on Monday. Over the next month, customers will receive an email outlining the new price plan. Subscription prices vary by country, but the statement included a sample email describing a price increase of €1 per month to €11.99 ($13.87).
