Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Business

Spotify and YouTube raise their premium-service pricing

by July 26, 2023
July 26, 2023
Spotify and YouTube raise their premium-service pricing

Spotify announced Monday it will increase the price of its premium service by $1, to $10.99.

The music streaming giant said existing premium plan subscribers would be notified via email of when the increase would kick in, and they would be given a one-month grace period before it becomes effective unless they cancel before the period ends.

It represents the first price increase for the company since 2011.

‘The market landscape has continued to evolve since we launched,’ Spotify said in a release. ‘So that we can keep innovating, we are changing our Premium prices across a number of markets* around the world.’

In addition to being advertisement-free, Spotify Premium gives users an unlimited number of individual songs to play at will.

Last month, Bloomberg News reported Spotify was planning a new super-premium tier that was expected to include hi-fi audio.

Spotify’s announcement comes a few days after YouTube announced it would be increasing the price of its individual YouTube Premium plan by $2, to $13.99 per month, and of its YouTube Premium Music service by $1, to $10.99 per month. Apple and Amazon have also increased the price of their music subscription services in the past year.

In April, Spotify reported hosting more than 500 million users. However, fewer than half of those represented paid subscribers, with one tech news outlet noting that Spotify’s ratio of paid to free subscribers has been ‘in free-fall.’

Following Monday morning’s announcement, Spotify’s stock fell as much as 5%. The company is expected to report earnings Tuesday.

This post appeared first on NBC NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
Commodities are the Best Investments
next post
Lancaster Resources Inc. Expands Lithium Exploration to Quebec’s James Bay with Trans-Taiga Acquisition

Related Posts

Home prices soar even higher in February, despite...

May 2, 2024

Modelo tops Bud Light as the top-selling beer...

June 16, 2023

Paramount says CEO Bob Bakish is stepping down,...

May 1, 2024

AI drive-thru ordering is on the rise —...

July 4, 2024

Netflix hunts for a production partner for its...

June 17, 2024

Weekly mortgage refinance demand rose 5% after a...

May 10, 2024

FTC asks to delay Amazon Prime deceptive practices...

March 13, 2025

EPA bans asbestos, a deadly carcinogen still in...

March 19, 2024

U.S. payrolls climbed by 209,000 in June, less...

July 11, 2023

Apple looking to make ‘premium’-priced folding iPhones starting...

June 21, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

    • Québec Communities Vote “No” to La Loutre Graphite Mine

    • Top 5 Canadian Mining Stocks This Week: Carlton Precious Gains 78 Percent

    • Lode Gold Closes $1.51 Million Upsized Private Placement

    • Editor’s Picks: Gold Sets New Price Record, Silver Hits 14 Year High

    Categories

    • Business (1,370)
    • Investing (2,870)
    • Politics (3,699)
    • Stocks (1,782)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 moneycontrolplace.com | All Rights Reserved