Spotify Price Increase: Streaming Service Gets More Expensive… Again

For the second time in a year, music streaming service Spotify is tightening the price screw. After increasing the price of the premium subscription in Germany to €10.99 in October 2023, the company has now announced the next Spotify price increase. However, this currently only applies to five selected markets, but all others are likely to follow in the course of the year.

Spotify price increase 2024 confirmed

Music streaming is getting more expensive again. At least for top dog Spotify from Sweden. As Bloomberg magazine reports, the provider has launched the next Spotify price increase. However, this is currently only in five markets, including Australia, Pakistan and the UK, where prices are set to rise by 1-2 US dollars per month at the end of April 2024.

In the USA and presumably also Germany, however, prices are also likely to rise later in the year, as they did last year, with a slight delay. According to Bloomberg, the background to the price increase is that Spotify wants to pave the way to long-term profitability and finance audiobooks.

The latter are currently only part of the Premium subscription in the USA, UK, Canada, Ireland, Australia and New Zealand. There are currently around 150,000 audiobooks to choose from, but the offer is to be expanded to other countries in the future.

New basic subscription coming

The report also states that Spotify is planning to introduce a new basic subscription. This will retain the current price of USD 10.99 or EUR 10.99 per month and offer access to music and podcasts without web interruptions. Audiobooks, however, will not be included.

The “Supremium” plan with high-resolution and lossless hi-res music is also set to finally launch in 2024, having been rumored for years. It remains to be seen where this will be priced.

Around a month ago, provider Tidal showed that there is another way: From April 10, 2024, it will be offering a new tariff model that offers hi-fi quality (24 bit, 192 kHz, including Dolby Atmos) at a price of 10.99 euros. However, Tidal does not offer podcasts and audiobooks.