"Some users call it "streamflation." Some content owners feel they don't benefit from it. The company reminds everyone of its investments in lossless audio and AI. All this swirl is about a Spotify subscription price hike charged to the top tier of Premium subscribers, who will begin to pay a dollar more per month starting soon. That one-dollar raise brings the monthly cost of Premium from $11.99 to $12.99, a 7.7% lift."
""We're updating our pricing to keep delivering a great experience," Spotify explains in a statement notably lacking in information. The company reminds customers of what they're getting via a link. That link didn't work at the time we posted this - an unfortunate PR error if we've ever seen one. Spotify offers several subscription plans, and the announcement links to them."
Spotify increased the monthly cost of its top-tier Premium plan from $11.99 to $12.99, a 7.7% rise, effective soon for affected subscribers. Some users labeled the increase "streamflation" and some content owners expressed that they do not benefit from the change. Spotify emphasized its investments in lossless audio and artificial intelligence as part of its justification. The company issued a brief statement saying, "We're updating our pricing to keep delivering a great experience," and linked to plan details. The link failed to load at the time of the announcement, creating a public relations error. Multiple subscription plans remain available.
Read at RAIN News
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