By the end of this month, Spotify is set to hike its prices by up to $1-$2per month in the United Kingdom and United States.Individual subscriptions are set to increase by $1 to $11.99 while duo and family plans will rise by $2 to $16.99 and $18.99 respectively. Since Spotify only takes extra fees from those who exceed this limit, Spotify needs to increase costs to cover the price of these audiobooks. However, Spotify is also reportedly preparing to release a new ‘basic tier subscription’ offering music and podcasts without audiobooks for $11 – the current price of an individual subscription. Will this discourage members from using the platform ?
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