Is your plan in the list?
Recognition: Jimmy Westenberg / Android Authority
- Spotify is raising prices for its plans in the US, Europe and the UK.
- US subscribers will see prices spike on Spotify’s family plan.
- Subscribers in the UK and Europe will see a price increase for all Spotify plans.
Music streaming service Spotify is increasing its prices after the company warned about it last year. Many subscribers have been affected by the Spotify price increase, and some are already receiving emails notifying them of the changes.
In the US, the Spotify price hike is affecting family plans. In Europe and the UK, Spotify prices will increase for student, duo and family plans. The increased prices will take effect on April 30th.
Spotify’s family plan increases from $ 14.99 per month to $ 15.99 in the US. Fortunately, the prices for the Duo, Premium, and Student plans in the country remain unchanged, at least for now.
Subscribers in the UK and Europe are less fortunate. Spotify UK student plan pricing increases from £ 4.99 to £ 5.99 per month. The Family Spotify plan, which allows up to six people to use the service, is now £ 16.99 (up from £ 14.99 per month). The Duo plan for two also increases from £ 12.99 to £ 13.99 per month.
Spotify subscription prices will also increase for some countries in Asia and South America.
European Spotify prices will rise similarly. The duo and student plans in the region will increase by one euro
€ 12.99 and € 5.99 per month. In the meantime, the family plan will increase from € 14.99 per month to € 17.99.
In some countries in Asia and South America, Spotify subscription prices are also reported to increase.
Confirmation of the price increase in a statement The edgeA Spotify spokesperson said, “We offer a variety of subscription plans tailored to the needs of our users, and we occasionally update our prices to reflect local macroeconomic factors and meet market demands while providing unparalleled service.”
Existing subscribers will only notice a price increase during the June billing cycle.
Spotify also gives all subscribers a one-month grace period before prices are increased. This way, existing subscribers will only see a price increase during the June billing cycle.
The price increase for the service is due to the company posting a loss of EUR 125 million (~ $ 150 million) in the final quarter of 2020. By increasing subscription prices, Spotify was able to increase its overall profit without the need for more people to sign up for the service.
