This is slightly cheaper than Apple Music, which raised its prices up to $10.99/month at the end of last year, citing “increased licensing costs.” Spotify execs have floated the idea that its pricing may increase to match, although nothing has been confirmed.
The new tier is being referred to as “Supremium” inside the company, according to the report.įor reference, Spotify Premium currently costs $9.99/month in the US. The price of the new higher tier is not yet known. Whereas Apple and Amazon now offer lossless as a free benefit of being a subscriber, Spotify will charge extra. In March, the company’s co-president said the tier is “coming at some point,” blaming the aggressive industry moves for the delay.īloomberg reports the tier will now launch this year in some markets, before coming to the US. Spotify first promised that a HiFi option was in the works more than two years ago. Unlike Apple Music, though, you’ll have to upgrade your plan to a higher tier and pay extra to get it.
The company is readying a new higher-end subscription tier that will include “HiFi” lossless audio streaming. Apple Music launched high-quality lossless audio streaming all the way back in May 2021, available to Apple Music subscribers at no extra charge.īloomberg today reports that Spotify is finally almost ready to compete.
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