The price increase might be enough to convince some long-time Spotify users to consider switching to another service, but there are a number of reasons why sticking with Spotify might actually be better. Image: KnowTechie Reasons to Stick with Spotify Nearly all of the streaming music services mentioned offer free trials, so Spotify Premium subscribers who are looking at switching to a different service can try each one out before making a commitment. Other Spotify alternatives include YouTube Music (which is included in YouTube Premium), Tidal, Soundcloud, and Qobuz. Deezer also offers a family plan for $18 a month or around $200 a year. Spotify is one of the few streaming audio services that offer multiple options to subscribe to its Premium plan, and many of those options can save people quite a bit of cash.ĭeezer offers a good selection of songs, with a strong catalog of international fare along with familiar favorites.įor a long time, Deezer didn’t offer high-fidelity music streams, but the service is starting to roll out that feature on supported tracks - and it’s included in the cost of its premium plan.ĭeezer Premium costs $11 a month or $99 a year a student discount knocks the price down to $6 a month but can’t be purchased on an annual basis. The new content and features could help justify charging customers more money for access to the premium tier of service. The price increase expected next week comes as Spotify looks to incorporate more audio content and features, including a long-awaited high-fidelity feature. Spotify has around 515 million global users, making it one of the largest streaming audio services in the world. Its business woes forced the company to downsize earlier this year, a move that saw hundreds of employees lose their jobs. Like other media companies, Spotify has also been impacted by a relatively weak ad market over the past year, with companies pulling their marketing budgets in a way that has impacted the bottom lines of major media companies around the world. The company spent hundreds of millions of dollars acquiring podcast studios like Gimlet and the Ringer along with top talents like Joe Rogan, Barack and Michelle Obama, and Prince Harry and Meghan Markle, with very little in the way of a return to show for those efforts. But it has faced increased pressure from investors to generate more revenue from its services. Spotify has largely resisted raising prices in the United States and elsewhere. Spotify’s competitors, Apple Music and Amazon Music have implemented their own price increases recently, with premium subscribers to each service paying around $11 per month as well. Since last year, Spotify executives have affirmed their desire to raise prices on streamers in order to offset higher licensing costs and other expenses. There is little reason to doubt the accuracy of the report Price increases will also roll out to other countries over the next few months, the Journal said, citing anonymous sources. The price increase will ultimately see Spotify users in the United States pay $11 a month for the privilege of streaming an unlimited amount of music from the service’s catalog of tens of millions of songs and other audio tracks and podcasts. Streaming music service Spotify will raise the price of its Premium tier in the United States by $1, with the announcement coming as soon as next week, according to a report published by the Wall Street Journal on Friday. Premium Duo will see the biggest increase, going from $13 to $15 per month. Premium Family and Student plans will also rise by $1, now costing $17 and $6 per month, respectively. In the US, a Premium Single subscription will go from $10 to $11 per month. UPDATE : It’s official: Spotify raised its prices.
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