According to the Wall Street Journal (WSJ), a change in monthly price is coming to the popular music streaming service Spotify.
WSJ has stated that starting next week, there will be a price increase on Spotify that will take Spotify Premium from $9.99 a month to $10.99 a month. The raise in price is expected to only be in the U.S. for now, but will come to other markets “in the coming months.”
Toward the end of 2022, Apple increased the price of Apple Music from $9.99 a month to $10.99 a month and Amazon Music made a similar move earlier this year.
Spotify has not said an exact behind the price increase, whereas Apple last year stated it was due to licensing costs and royalties for artists and songwriters.
This price increase from Spotify also comes at a time where in less than two weeks, Peacock and YouTube Premium have announced price increases for their TV/movie streaming services, as well as Netflix officially eliminating its Basic ad-free plan in the U.S. and U.K.
The service is available to stream on the iPhone, iPad, Apple Watch, Apple TV, and Mac. Spotify also no longer allows users to subscribe to its services through its iOS app/App Store, and just like Netflix, requires its users to subscribe from its website.