Latest news with #SpotifyCEO
The Verge
04-08-2025
- Business
- The Verge
Spotify is raising Premium prices outside the US
Spotify is increasing prices in several regions outside of the US, just days after posting disappointing earnings. Spotify announced on Monday that Premium subscribers across Europe, South Asia, the Middle East, Africa, Latin America, and Asia-Pacific will be notified about pricing changes 'over the next month,' providing an example email showing a €1 monthly increase from €10.99 to €11.99 in an unspecified country. Unfortunately, Spotify's announcement doesn't name the impacted countries. A spot check across multiple European countries using Internet Archive snapshots from July shows that €1/mth increases have already been applied for new customers in Spain, Italy, and Portugal. European countries that previously raised subscription pricing in recent months — including France, Belgium, Luxembourg, and the Netherlands — do not appear to have been hit with additional increases. Despite posting positive results for paid subscriber growth in its quarterly earnings report on July 29th, Spotify's profit forecast fell below analysts' estimates. Spotify's stock price fell by 11.5 percent the same day, wiping $16 billion off the company's market cap. When asked during the earnings call why Spotify isn't raising prices more frequently, CEO Daniel Ek said that the streaming company was prioritizing retaining subscribers for the long term over making short-term revenue gains. These new price increases may not be directly responding to that criticism, however, as The Financial Times reported in April that Spotify was already planning to hike prices in Europe and Latin America this summer. US pricing is so far unaffected. Spotify held fast to US pricing for 12 years prior to the first increases that began in 2023 and continued into 2024. Posts from this author will be added to your daily email digest and your homepage feed. See All by Jess Weatherbed Posts from this topic will be added to your daily email digest and your homepage feed. See All Entertainment Posts from this topic will be added to your daily email digest and your homepage feed. See All News Posts from this topic will be added to your daily email digest and your homepage feed. See All Spotify
Android Authority
19-06-2025
- Android Authority
Don't give me hope: Spotify's long-awaited lossless tier shows signs of life again
Edgar Cervantes / Android Authority TL;DR Spotify's long-promised HiFi lossless audio tier is likely nearing release, as suggested by new asset file leaks. The upcoming tier will likely offer music in up to 24-bit/44.1 kHz FLAC files, consuming up to 1 GB of data per hour. This feature may be part of a 'Music Pro' tier, potentially costing an extra $5.99 monthly on top of your current subscription. Spotify announced its 'HiFi' lossless tier back in February 2021, but as you may already know, it's still not here. Over the years, we've seen plenty of leaks about the feature, indicating the company hasn't just abandoned its plans. More recently, Spotify's CEO did mention that the Spotify Super Premium plan would offer 'better sound quality,' once more indicating that it's not dead yet. New asset files have now leaked, suggesting that Spotify's 'HiFi' lossless tier is still in the works, possibly nearing launch. Reverse engineer Chris Messina spotted these strings within Spotify, which indicate that its Lossless tier is coming soon: Lossless music, now in premium Introducing the best sound quality on Spotify: for music in up to 24-bit/44.1 kHz. Reddit user Ok_Improvement5956 spotted several graphics within the latest PC update of Spotify that give us more hope than they should after four years of excruciating wait: There are mentions of 'Lossless' across tracks that are served at the higher quality tier. Further, the Lossless tier will consume up to 1GB of data per hour of playback to serve FLAC files at up to 24-bit/44.1 kHz. The Reddit user mentioned in another comment that Dolby Atmos is not on board. From the graphics, we learn that you will need 'compatible headphones' to experience the lossless tier. The header for the tier also mentions 'wired connection,' which shouldn't come as a big surprise to anyone. A Bloomberg report earlier this year mentions that the company hopes to roll out its new Music Pro tier later in 2025, potentially costing an extra $5.99 a month, for higher quality audio, remixing tools, and access to concert tickets. Even though the writing is on the wall that Spotify's Lossless tier is coming, I wouldn't hold my breath on it. It's been years since the first announcement, and we've seen similar leaks a few times now, only for nothing to happen and our enthusiasm to fizzle out eventually. It will launch when it's ready. Got a tip? Talk to us! Email our staff at Email our staff at news@ . You can stay anonymous or get credit for the info, it's your choice.
