Spotify is the reference streaming platform for millions of users in the world. Since its launch, it has consolidated and positioned itself as the favorite, all thanks to its excellent music playback services, podcasts and, for some time now, audiobooks. Precisely, Today we will talk to you about how Spotify could raise prices sooner than you imagine and how this would happen.
As we said, this enormous popularity of Spotify is due to its wide repertoire of functions and characteristics. One of them is an extremely accessible and affordable subscription model. Therefore, these new measures that could soon be implemented will in turn bring some inconveniences for some users, which we will also tell you about.
Spotify could raise prices sooner than you think
According to reliable sources, it is expected that before the end of this year, a price increase could occur in Spotify. This price increase on existing plans would range between one and two USD per plan. According to the sources who have disclosed the news, these changes They would be valid in countries like Australia, the United Kingdom and even Pakistan.. The date on which they will come into force is not yet known exactly, but it is expected to occur in this month of April.
To end the year, the increase in prices of Spotify plans in countries like the United States. For example, one of the plans that could be affected is the individual premium of the music service and others. The prices would be the following:
Individual plan: It would cost $11.99 to $12.99 per month.
Duo plan: It will cost $15.99 to $16.99 per month.
Family plan: The price will be from 17.99 to 18.99 dollars monthly.
Plan for students: From $6.99 to $7.99 per month.
Of course, It is not yet clear whether these will be the definitive costs for such services, We will also not know if this price increase in Spotify will affect each of the subscription options.
Why this sudden price increase on Spotify?
Well, contrary to what one might think, these measures and price readjustments by this platform It is not a sudden or hasty decision.. The reason for this is to try to cover the costs of audiobooks that Spotify decided to include in its services a few months ago. These audiobooks They are available only to premium subscribers of the platform. Currently, they are offering about 15 hours of free listening to any audiobook available on the platform.
Despite the aforementioned free service, Spotify needs to pay the publishers of these audiobooks. Receiving only one payment from users who, once the free time limit offered by Spotify has been exceeded, wish to make additional payments to continue listening to them.
New premium plans will also arrive on the platform
This entire process of changes and readjustments regarding the prices that the new premium plans will have will be accompanied by a new premium offer. The new plan that Spotify is speculated to launch includes an $11 value in the individual premium plan. This will allow users to listen to all the music, podcasts and audiobooks they want for an unlimited time, although the 15 free hours of the current plan will be eliminated.
Will Spain be affected by these changes?
As we do not yet know official statements from Spotify, we cannot assure that Spain is affected by these readjustments in the prices of the platform plans. Although the truth is we would not be surprised if this were the case, since Spotify will take the necessary measures to make this audiobook section sustainable for the platform.
Furthermore, on other occasions when similar decisions have been made, The Spanish market, like many others, has also experienced changes. Currently, premium plans in Spain have a value of 10.99 euros per month individually. With the price increase, these will be the costs: Individual premium plan: 11.99 to 12.99 euros and so on with the rest of the plans.
There are more than 230 million subscribers that Spotify currently has. This figure is quite impressive, and has managed to place the streaming platform as the one with the highest number of subscribers worldwide. At the moment it offers several premium plans in Spain, which we told you about previously. This is thought to change, not only with the news that Spotify could raise prices sooner than you imagine, but with the launch of a new premium plan.
How safe are these changes?
Right now, The platform's managers have not issued any official statement about such news.. Although according to confidential sources familiar with the matter, they affirm that these price increases are imminent, at least in the countries where audiobooks are already available. In addition to this, if we carry out a careful analysis of the measures taken by Spotify from a year ago to now, Everything indicates that the price increase is quite probable.
Spotify could offer other plans
Now It is clear that this is not welcome news for all Spotify subscribers, since many of them do not even use the audiobook option (that is, the audiobooks on the platform, both premium services and others). For these, the Spotify work team will focus on providing alternative plans, that is, a basic plan that does not include audiobooks, just podcasts and of course music.
In this way the individual plan is maintained and other alternatives for subscribers who do wish to access audiobooks. Of course, customers who decide to pay only for this plan, which would be a premium plan, will not be able to enjoy the 15 hours of free audiobooks that the platform currently offers.
Spotify is currently one of the streaming platforms with the highest number of subscribers worldwidel, and the favorite of millions of people. Let us know in the comments what you think about the rumors, do you really think that Spotify could raise prices sooner than you imagine for its different plans?
