Everything increases, even the price of your Spotify Premium subscription: here are the new prices 

According to a recent report by the International Federation of the Phonographic Industry (IFPI), 32 % of music consumption is now on YouTube, Tiktok, Facebook or Instagram. which are common to be free services.

Your Spotify subscription will now cost you more

This is a bad news for your wallet if you have a subscriber to Spotify. The musical streaming platform increases its premium prices.

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The SPOTIFY musical streaming platform announced on Monday, July 24, the increase in the price of its premium packages. Currently at € 9.99, the personal subscription increases to € 10.99 per month. It is not really a surprise, the Swedish company having already expressed its desire to revise its prices upwards. The duo package also sees its price from 12.99 to € 14.99/month. The family package undergoes the same fate: it is now € 17.99, against € 15.99 before. The latter gives access to six accounts within the same home.

“”In order to continue to innovate, we modify our premium prices on a certain number of markets around the world. These updates will help us to continue to offer value to fans and artists on our platform“Explains the platform in a press release. In total, more than 50 countries are affected by this policy, including France.

Spotify

Spotify is a streaming music broadcasting platform that allows you to listen to music, radio and podcasts unlimited either without subscription (with advertising) or with a subscription.

• Downloads: 1144
• Release date: 09/21/2023
• Author: Spotify Ab
• License: Free license
• Categories: Music
• Operating system: Android, Google Chrome extension, Linux, Online Service, Windows XP/Vista/7/8/11, iOS iPhone/iPad/Apple Watch, MacOS

• Android
• Google Chrome extension
• Linux
• Online service
• Windows XP/Vista/7/8/10/11
• iOS iPhone / iPad / Apple Watch
• macos

Spotify claims 200 million subscribers to its premium services and 500 million active users per month. The platform follows the step in Deezer and Apple Music, which had also increased their prices at the end of 2022.

Social networks competition

While streaming platforms revolve their prices upwards, after having won over their audience with aggressive prices, they have to face a new threat. The consumption of social networks by 18-24 year olds reduces the time spent on them, whether video (SVOD) or musical, according to a study recently published by the firm Bearing Point. More than one in two young people declares to spend less time on paid digital cultural services due to their consumption on social networks.

According to a recent report by the International Federation of the Phonographic Industry (IFPI), 32 % of music consumption is now on YouTube, Tiktok, Facebook or Instagram. which are common to be free services.

This price increase should not facilitate things given economic context. “”The tension on the budget of households accentuating, arbitrations are taken between the subscriptions of the home, and the place which they generally occupy in leisure spending is questioned. The increase in prices increases, and the “cheap” perception of these services is questioned“Warning the analysis firm.

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Everything increases, even the price of your Spotify Premium subscription: here are the new prices !

Surprise ! Spotify (also) will increase its prices, including in Europe.

Posted on July 24, 2023 at 10 a.m

• Soon, the Spotify price could exceed € 10/month
• The Swedish group could increase by one dollar/euro its spotify premium offer
• Enough to garner more than an additional $ 200 million

It has been a few years since our favorite subscription services have regularly experienced increases in prices. We can cite Netflix of course, but also Disney+, without recently forgetting the Xbox Game Pass service, whose prices have been reassessed (with the added bonus of a new Core offer). In the near future, it is the Spotify ogre which will in turn inflate its prices, even if the information has not yet been formalized by the main interested party.

Update : Since the publication of the article, Spotify has confirmed the adjustment of subscription prices in France, here they

• Personal premium offer – € 10.99/month
• Premium duo offer – € 14.99/month
• Premium family offer – € 17.99/month
• Premium Student offer – € 5.99/month

From today, subscribers will receive an email explaining what it means on behalf of.

Spotify, for a few more dollars

Thus, according to a recent report of Wall Street Journal, The Spotify giant plans to increase the price of its monthly subscription in the United States by one dollar. In this way, the price of the subscription without advertising would drop from $ 9.99 to 10.99 dollars/month in the United States. Spotify should make this announcement next week, but only for the American market at first.

However, still according to WSJ, this price increase will quickly affect the rest of the world. If the Scandinavian group has so far managed to contain the price of its premium offer under 10 €/month, this should evolve very quickly.

In all likelihood, it is therefore necessary to prepare to spend almost € 10.99/month to continue to take advantage of the Spotify Premium offer, and all its advantages. Obviously, this would be a historical change for streaming music, with the end of this psychological tariff barrier which could quickly lead to others, especially on the side of competition.

Recall that Apple Music is already displayed at € 10.99/month, while Qobuz, or French audio streaming, is offered from € 12.50/month (for a 12 -month commitment )).

At the beginning of the year, Spotify had announced a large plan to reduce its workforce, with around 600 positions concerned worldwide, despite strong growth in the number of users. At the start of the year, the Swedish online music giant had more than 200 million paying subscribers, and this upcoming increase should allow the group to finally find its way to profitability.

Indeed, despite a user base of more than 500 million, the group accused (between January and March) a loss of 156 million euros, the fault in particular at restructuring costs and social charges.

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Stéphane Hubert said:

Hello, I share my mail with Spotify Object: Reflection on the increase in the Subtify Madame subscriptions, sir, following your announcement concerning the increase in the Spotify subscription, I wish to express my observations and concerns about the growing trend Streaming content suppliers to increase their monthly prices. In the past, the hacking of music was widespread, mainly due to the high prices of CDs and vinyls, which made it difficult to access a large musical library, unlike the current supply of music streaming. The advent of streaming music has revolutionized the way of consuming music by offering access to a multitude of titles at an attractive price, thus helping to stem the hacking. However, over the years, subscriptions have gradually increased and begin to exceed what we consider as a reasonable price for the services offered. Although you mention the development of new services, it should be noted that the current offer is already satisfactory for the majority of users, who seek above all the possibility of enjoying their favorite music. Another problem lies in the fact that all suppliers apply similar increases, which, when we add all our subscriptions, can become excessive. This situation could be assimilated to disguised consumption credits. I want to alert you to the potential consequences of such an approach, because some users could be deterred by too high subscription costs, and this could cause a return to hacking music. In conclusion, I encourage you to think about how these increases could affect your loyal customers. Maintaining reasonable and fair prices will not only preserve your subscriber base, but also to continue to fight effectively against hacking. Together, we can contribute to a flourishing and sustainable digital musical environment.