Spotify is reportedly planning price increases in the summer – also in Europe

The Financial Times has learned that Spotify is planning to raise subscription prices in many countries over the summer. The company is also considering introducing a “super-premium” tariff with new conditions and higher audio quality.

Spotify: Price increases in Europe allegedly in June

According to insiders, the company is planning to raise prices for individual subscriptions in Europe and Latin America by around one euro. Spotify could tighten the price screw as early as June.

According to the report, managers from the music industry have long been calling on services such as Spotify, Apple Music and others to raise their prices. This is because, from the music industry's perspective, subscription prices have risen more slowly than inflation and are cheap compared to video streaming subscriptions such as Netflix.

If Spotify were to increase its prices in Germany, the subscription for one person would then cost 12 euros instead of 11. It is currently unclear whether the fees for the Duo and Family subscriptions will also increase, but it is obvious that they will.

Spotify: last price increase in Germany in October 2023

Spotify last raised its prices by one to three euros in October 2023. It was the first price increase for the Premium Individual subscription at the time. When the music streaming service launched in Germany in March 2012, a Premium subscription cost 10 euros. Despite the higher prices, there were no changes to the range of functions at the time.

In addition to the existing subscription models, the company is also planning to introduce a “super-premium” tariff. According to the report, the offer, which will reportedly be called “Music Pro”, will cost 18 dollars for individuals and is primarily aimed at music fans.

The more expensive subscription is said to offer three new functions, including the long-awaited lossless audio quality. It will also offer remixing tools and access to concert tickets. Ticket sales are said to be part of a push by the music industry to capitalize on “superfans”. The Financial Times report on the expected new tariff is in line with a Bloomberg report from February 2025.

Spotify would be late to the game with lossless streaming quality: several Spotify competitors such as Tidal, Apple Music and Amazon Music have been offering such an option for years.

(afl)