HomeTop U.S. NewsSpotify Launches a New Subscription Plan for Users in the U.S.

Spotify Launches a New Subscription Plan for Users in the U.S.

The music streaming platform Spotify announced it would roll out a new subscription plan for its users in the United States. The news comes after the company recently increased prices for the majority of its subscription plans.

The new subscription tier is called “Basic” and comes at a cost of $10.99. The users will be able to listen to add-free music and podcasts but won’t have access to the platform’s audiobooks section.

The price of the Basic plan is the same as the price of the Individual plan before the recent price hike. The streamer recently increased the cost of the Individual plan, which offers 15 hours of free audiobooks each month, to $11.99. Additionally, the Duo plan saw a bump to $16.99 from $14.99, while the Family plan now costs $19.99 compared to the previous price of $16.99. The Student plan remained at $5.99.  

Spotify is planning to introduce another subscription plan in the near future, according to a recent Bloomberg report. The plan, called Supremium, is expected to cost $5 extra for the users and come with better audio quality and new features regarding playlists and song libraries.

Spotify’s stock closed at $317.74 per share on Friday, gaining 1.23% on the day and being 68.29% up year to date.

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