""This change means we can invest more in Premium," Spotify said in emails to Spotify subscribers."
""We are always working to improve Premium and deliver the best possible experience for you.""
""Spotify now includes audiobooks and podcasts as well as video content for music.""
""The Swedish company is facing significant challenges from AI, as well as rivals companies such as Amazon, Apple, YouTube and Meta.""
Spotify is increasing its subscription prices by 8% to 15% to enhance its services. The Premium Family plan will rise from €19.99 to €22.99, a 15% increase. The Duo plan will increase from €16.99 to €18.99, a 12% hike, while the individual plan will go from €11.99 to €12.99, an 8.3% increase. Spotify aims to invest more in Premium to improve user experience. The company reported 761 million monthly active users and 293 million paying subscribers, with revenue rising by 8% to €4.5 billion in the first quarter of the year.
Read at Irish Independent
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