Spotify to raise prices, revamp plans starting in five markets this year

This year, the price hike from Spotify is between $1 to $2, with a new plan excluding audiobooks.

The upcoming price hike is part of an overhaul in existing subscription plans. The cost is $1 per month for individual plans while $2 per month for duo and family plans. 

These prices are for Australia, Pakistan, the UK, and two other unnamed markets. The platform’s biggest market, the US, will also get a price hike later in the year.

But why raise prices? Allegedly, the price hike is to help cover the cost of audiobooks – a new offering from Spotify. If you don’t know, subscribers can get up to 15 hours of audiobook listening a month and the company must pay publishers for those audiobooks. All that listening time is “free” if you’re a premium user.

That said, a new plan will be introduced and it only features music and podcasts – no audiobooks. It’s expected to be priced the same as the current individual premium plan. From here, users must pay for audiobooks.

If you’ve been following the high-fidelity audio, it may arrive this year. It’s currently rumored the “supremium” plan but no details have been announced yet.

As of writing, Spotify Philippines offers the following plans:

PlanCostBenefits
Premium Mini₱7 for 1 day1 mobile only, offline listening for 30 songs, basic audio quality
Premium Student₱75 for 2 months (₱75/month after)Discount for eligible students, 1 verified Premium account, subscribe or one-time payment
Premium Individual₱149 for 2 months (₱149/month after)1 Premium account, subscribe or one-time payment
Premium Duo₱199 for 2 months (₱199/month after)2 Premium accounts
Premium Family₱239 for 2 months (₱239/month after)Up to 6 Premium accounts, control content marked as explicit

Without further details, we can’t tell how much the price hike would be in PH. But better expect the plans to change this year.

Source 1, Source 2

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