Spotify plans to increase the prices of subscriptions in Europe and South America, while in the USA the increase will not be applied: the Financial Times reveals it, which learned of the decision arrived in response to the pressures of the music industry.
Spotify is ready to increase the price of its subscriptions In Europe and South America, in a move that will not involve US users: the Financial Timeslearned of the increase from sources to informed of the matter, according to which the leader of musical streaming is planning to “increase the prices of an amount equivalent to 1 euro For European and Latin American subscriptions, already starting from June“. The increase follows the retouches already applied in some countries, such as Holland and Luxembourg, in recent weeks.”The push of intensification will greatly intensify this summer“Said a source remained anonymous.
Spotify raises the price of subscriptions
The monthly cost of Spotify, which in Italy varies from 10.99 euros per month of the Premium individual package to 14.99 euros of the premium duo up to 17.99 euros of the Premium Family, is destined to increase throughout Europe and South America of An amount equal to 1 euro For individual subscriptions only: according to what was learned by the Financial Times, the increase would have been decided in response to the pressures of the musical industrywhich for some time urges Spotify and other music streaming platforms to review the cost of season tickets, claiming that “Prices have grown more slowly than inflation and that the service is cheap than the subscriptions for streaming video such as NetfliX “.
The increase will not concern the United Stateswhere the cost of the individual subscription has recently risen to 11.99 dollars per month, compared to $ 9.99 per month of when the service was launched in the country, 14 years ago.
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According to the sources mentioned by Financial TimesSpotify and the other platforms would also be evaluating the idea of an extra rate which would allow early access to the outgoing songs, supporting the proposals of the music industry that “Try to profit from the most passionate fans of the most loved artists“. There would also be the possibility of offering the exam Early access to concert ticketsthrough a “super premium” subscription which would cost 6 dollars in the United States, in addition to the premium share already expected in the USA. Always according to the sources informed on the matter, also Apple, Amazon and YouTube Premium versions of their music streaming services would be studying.
