Spotify joins rising record of rising subscription costs

This illustration image taken on April 19, 2018 exhibits the emblem of on-line streaming music service Spotify displayed on a pill display screen in Paris. (Picture by Lionel BONAVENTURE / AFP) (Picture credit score ought to learn LIONEL BONAVENTURE/AFP through Getty Photos)

SALT LAKE CITY (ABC4) — Spotify introduced it will likely be rising the subscription costs for its premium music providers on Monday, turning into the most recent streaming service big to lift their subscription costs.

The brand new subscription costs will begin on customers’ subsequent billing date. For single customers the worth will increase to $10.99 from $9.99. Spotify’s group subscriptions Premium Duo and Premium Household may also see worth hikes to $14.99 and $16.99, respectively.

Spotify mentioned the rise in its subscription costs is to assist the corporate proceed to innovate and create new choices and options on the platform for “the very best expertise” doable. With a Spotify Premium subscription, customers can hearken to music on-demand and ad-free music streaming, in addition to increased high quality music streaming and offline downloads.

The rise in costs makes Spotify the most recent streaming service to lift the costs of their subscriptions.

Final week, Peacock introduced a rise in its Premium and Premium Plus subscriptions which can go into impact in August. YouTube moreover elevated its subscription providers over the weekend.

Paramount+, and HBO Max (now simply MAX), introduced worth hikes earlier this 12 months, just some quick months after Disney+ and Hulu raised their subscription costs.