this post was submitted on 03 Jun 2024
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Spotify is raising the cost of Premium subscriptions, again (www.engadget.com)
submitted 5 months ago by cyberpunk007@lemmy.ca to c/technology@lemmy.world
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Spotify is officially raising its Premium subscription rates in the US come July, following reports of the move in April. The platform is increasing its Individual plan from $11 to $12 monthly and its Duo plan from $15 to $17 monthly — the same jump as last year's $1 and $2 price hikes, respectively. However, its Family plan is going up by a whopping $3, increasing from $17 to $20 monthly. The only subscribers getting a break are students, who will continue to pay $6 monthly.

Spotify announced the price hikes less than a year after its previous one last July. Before that, Spotify hadn't raised its fees since launching a decade and a half ago. I guess it was too optimistic to hope the next increase would also take that long, especially with Spotify's continued focus (and money dump) on audiobooks.

Premium subscribers should receive an email from Spotify in the next month detailing the price hike and providing a link to cancel their plan if they would prefer to do so. Users currently on a trial period for Spotify will get one month at $11 after it ends before being moved up to a $12 monthly fee.

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[–] Karyoplasma@discuss.tchncs.de 28 points 5 months ago* (last edited 5 months ago) (1 children)

Their CEO just boasted about how making content for their platform comes with zero cost for the creators. So, why are they raising rates? Is the whole "you pay to support the creators" trope a lie? I am confused.

/s

[–] johannesvanderwhales@lemmy.world 10 points 5 months ago

Well it's probably the music labels. They basically only exist to steal money from the actual creators.