Beginning in July, Spotify's US subscribers will pay $1 more per month for its ad-free premium plan, rising to $11.99 per month. The price increase is aimed at investing in and innovating on product features for a better user experience.
Some of Spotify's other tiers will also see price hikes. The Duo plan will increase by $2 to $16.99, and the family plan will rise by $3 to $19.99 per month. The streaming industry is facing rising costs and inflation, leading to companies like Paramount, Netflix, and Spotify raising prices to drive profits.
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