02.17.2025
Spotify users waiting to learn when the service's long-delayed high-quality premium audio service will materialize may finally have something to chew on. Bloomberg reports that the streaming service hopes to
The company is said to be developing the new premium subscription plan that will cost up to $5.99 per month on top of existing plans, offering high-quality audio streaming, remixing capabilities, and exclusive concert ticket access, reports the outlet.
Pricing and timing have yet to be nailed down as Spotify works to secure necessary rights from major music companies. The additional fee is likely to vary by region, with lower prices planned for "developing markets," said the publication.
The new tier is said to include AI-powered features allowing subscribers to mix songs from different artists. Spotify is also exploring various concert ticket sales strategies such as pre-sale access and premium seating options through discussions with major promoters and ticket vendors.
The new tier comes as Spotify looks to diversify its revenue streams and target devoted music fans who regularly spend money on merchandise, concerts, and fan clubs, according to the report. The company apparently believes the enhanced tier could attract millions of subscribers, despite the higher price point.
Development of the additional tier has been in the works for several years, coming after recent price increases for existing subscriptions and the introduction of audiobook offerings. Spotify previously announced plans for a Hi-Fi tier in February 2021, but a launch never materialized, even as rivals Apple Music and Amazon Music Unlimited began offering high-quality audio streaming within their standard subscriptions.
Given the progress of its competitors, Spotify's paid-for "Music Pro" tier will need to be a more comprehensive offering that goes beyond just improved audio quality and some AI-produced playlists. What's actually offered remains to be seen.
Tag: Spotify
This article, "Spotify Readies Premium Tier With Hi-Fi Audio and AI Features" first appeared on MacRumors.com
Discuss this article in our forums
You may also be interested in this
Macworld Podcast: What wi…
05.11.2023
Macworld Major technological advancements and a new version of macOS are in the not-too-distant future from Apple, and we might get all the details at the Worldwide Developers Conference in
5 New Apple Music Feature…
06.16.2023
With the advent of iOS 17 this coming fall, Apple Music is getting a handful of notable new features that should make using the Music app and the Apple Music
Spotify CEO urges EU to p…
02.26.2025
Daniel Ek, the CEO of Spotify, has criticized Apple for disregarding the European Union’s regulations on major tech companies. He has called on regulators to stand firm against White House
Apple surrenders its huge…
08.22.2024
Apple Podcasts on iPhone Why’s it called “podcasting?” Because it’s a blend of “iPod” and “broadcast.” Despite being named after an Apple product, and despite Apple having a huge lead
Saskatchewan tech compani…
01.28.2023
Google, Amazon, Microsoft, Meta, Twitter, Spotify and more big tech companies have all been making major cuts to its workforce. Saskatchewan, however, has been growing.
Spotify Raises Prices for…
06.04.2024
Spotify today announced that it is increasing Premium plan pricing in the United States in order to "bring users the best experience." The Individual Premium plan is now priced at
Apple shares hit new all-…
06.30.2023
In Nasdaq trading today, shares of Apple Inc. (AAPL) rose $4.38, or 2.31%, to $193.97, a new all-time closing high. Apple today also set a new all-time intraday high of
Over 2,000 episodes of ‘T…
02.09.2024
Over 2,000 episodes of “The Joe Rogan Experience” are now available on Apple Podcasts as the podcaster ends his exclusivity deal with Spotify. The podcast is now officially back on
