Latest news with #SpotifyPartnerProgram
Express Tribune
a day ago
- Business
- Express Tribune
Spotify set to raise its premium prices
Spotify said on Monday it would increase the monthly price of its premium individual subscription in select markets from September, as the Swedish streaming giant looks to improve margins, as per Reuters. The company's shares jumped nearly 8 per cent. They have gained about 40 per cent so far this year. The subscription price will rise to 11.99 euros (USD13.86) per month from 10.99 euros in markets including South Asia, the Middle East, Africa, Europe, Latin America and the Asia-Pacific region. Spotify said subscribers will receive an email explaining the price rise over the next month. Price increases in the past, combined with cost-cutting efforts in recent years, have helped it to achieve its first annual profit for 2024. The company saw an increase in monthly active users and premium subscribers during the second quarter, while higher taxes related to employee salaries led it to post a loss during the period and weighed on its third-quarter profit forecast. Spotify has been expanding its library of video content to attract subscribers, including through its partner program, which is designed to help podcast creators by offering them monetization options. A growing number of creators are joining the Spotify Partner Program, resulting in a significant increase in video content on the platform, CEO Daniel Ek had earlier told Reuters. The streaming company is also benefiting from Apple's approval of its US app update to show subscription prices and external payment links, after a judge barred the iPhone maker from charging commission on off-app purchases. Ek said this change has led to "a very positive uptick" in the US If similar rules are adopted in Europe and the UK, it would benefit both Spotify and other app developers.
CTV News
2 days ago
- Business
- CTV News
Spotify to raise premium subscription price in select markets from September
This March 20, 2018 file photo shows the Spotify app on an iPad in Baltimore. (AP Photo/Patrick Semansky, File) Spotify said on Monday it would increase monthly price of its premium individual subscription in select markets from September, as the Swedish streaming giant looks to improve margins. The company's shares jumped nearly eight per cent. They have gained about 40 per cent so far this year. The subscription price will rise to 11.99 euros (US$13.86) per month from 10.99 euros in markets including South Asia, the Middle East, Africa, Europe, Latin America and the Asia-Pacific region. Spotify said subscribers will receive an email explaining the price rise over the next month. Price increases in the past, combined with cost-cutting efforts in recent years, have helped it to achieve its first annual profit for 2024. The company saw an increase in monthly active users and premium subscribers during the second quarter, while higher taxes related to employee salaries led it to post a loss during the period and weighed on its third-quarter profit forecast. Spotify has been expanding its library of video content to attract subscribers, including through its partner program, which is designed to help podcast creators by offering them monetization options. A growing number of creators are joining the Spotify Partner Program, resulting in a significant increase in video content on the platform, CEO Daniel Ek had earlier told Reuters. The streaming company is also benefiting from Apple's approval of its U.S. app update to show subscription prices and external payment links, after a judge barred the iPhone maker from charging commission on off-app purchases. Ek said this change has led to 'a very positive uptick' in the U.S. If similar rules are adopted in Europe and the UK, it would benefit both Spotify and other app developers. --- Reporting by Jaspreet Singh in Bengaluru; Editing by Shilpi Majumdar
Time of India
3 days ago
- Business
- Time of India
Spotify to raise premium subscription price in select markets from September
Spotify said on Monday it would increase monthly price of its premium individual subscription in select markets from September, as the Swedish streaming giant looks to improve margins. The company's shares jumped nearly 8%. They have gained about 40% so far this year. The subscription price will rise to 11.99 euros ($13.86) per month from 10.99 euros in markets including South Asia, the Middle East, Africa, Europe, Latin America and the Asia-Pacific region. Spotify said subscribers will receive an email explaining the price rise over the next month. Price increases in the past, combined with cost-cutting efforts in recent years, have helped it to achieve its first annual profit for 2024. The company saw an increase in monthly active users and premium subscribers during the second quarter, while higher taxes related to employee salaries led it to post a loss during the period and weighed on its third-quarter profit forecast. Spotify has been expanding its library of video content to attract subscribers, including through its partner program, which is designed to help podcast creators by offering them monetization options. A growing number of creators are joining the Spotify Partner Program , resulting in a significant increase in video content on the platform, CEO Daniel Ek had earlier told Reuters. The streaming company is also benefiting from Apple's approval of its U.S. app update to show subscription prices and external payment links, after a judge barred the iPhone maker from charging commission on off-app purchases. Ek said this change has led to "a very positive uptick" in the U.S. If similar rules are adopted in Europe and the UK, it would benefit both Spotify and other app developers.
Indian Express
3 days ago
- Business
- Indian Express
Spotify to raise premium subscription price in select markets from September
Spotify said on Monday it would increase monthly price of its premium individual subscription in select markets from September, as the Swedish streaming giant looks to improve margins. The company's shares jumped nearly 8%. They have gained about 40% so far this year. The subscription price will rise to 11.99 euros ($13.86) per month from 10.99 euros in markets including South Asia, the Middle East, Africa, Europe, Latin America and the Asia-Pacific region. Spotify said subscribers will receive an email explaining the price rise over the next month. Price increases in the past, combined with cost-cutting efforts in recent years, have helped it to achieve its first annual profit for 2024. The company saw an increase in monthly active users and premium subscribers during the second quarter, while higher taxes related to employee salaries led it to post a loss during the period and weighed on its third-quarter profit forecast. Spotify has been expanding its library of video content to attract subscribers, including through its partner program, which is designed to help podcast creators by offering them monetization options. A growing number of creators are joining the Spotify Partner Program, resulting in a significant increase in video content on the platform, CEO Daniel Ek had earlier told Reuters. The streaming company is also benefiting from Apple's approval of its U.S. app update to show subscription prices and external payment links, after a judge barred the iPhone maker from charging commission on off-app purchases. Ek said this change has led to 'a very positive uptick' in the U.S. If similar rules are adopted in Europe and the UK, it would benefit both Spotify and other app developers.
Scottish Sun
3 days ago
- Business
- Scottish Sun
Spotify to hike prices again for millions worldwide next month – here's how much extra YOU'LL need to pay
The streaming giant is looking to improve its margins CHANGING THEIR TUNE Spotify to hike prices again for millions worldwide next month – here's how much extra YOU'LL need to pay Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) SPOTIFY is set to hike its prices again for their millions of worldwide listeners next month. The price of its monthly premium individual subscription will increase from September in select markets. Sign up for Scottish Sun newsletter Sign up 2 Spotify has been expanding its library of content to attract more subscribers Credit: Getty The Swedish streaming giant made the announcement on Monday, with subscribers expected to receive an email update explaining the price rise over the next month. Premium individual subscriptions will rise from 10.99 euros to 11.99 euros per month. This will occur in markets including South Asia, the Middle East, Africa, Latin America and the Asia-Pacific region. Spotify achieved its first annual profit for 2024, which can be linked to its previous price increases, as well as cost-cutting efforts in recent years. The company's shares have jumped by nearly 8 per cent this year, and they have gained about 40 per cent so far this year. The number of monthly active users and premium subscribers also increased over the second quarter. However, the company reported a loss during the period due to high taxes related to employee salaries. The price hike comes just months after Spotify showed developments on its "lossless audio" feature which is expected to make bills more expensive. It hopes to make songs sound even better for an extra fee for listeners. Last week, it was also revealed the company is making strict changes to its music app that could see some accounts deleted due to new UK age checks. Spotify's new AI feature lets you ask it to make any playlist for you – but there's a trick to finding it in the app Spotify has started showing popups asking people to confirm their age to access certain content made for adults, such as 18+ music videos. Users can confirm their age by sharing a selfie or their ID, a move which is compliance with new laws of the Online Safety Act. It is designed to protect children from easily stumbling across inappropriate material on the internet. A growing number of creators also are said to be joining the Spotify Partner Program. The programme is designed to help offer podcast creators more options for monetising their content. It has has also enabled the significant increase in video content on the platform for subscribers, according to CEO Daniel Ek. SAVE MONEY ON SPOTIFY One of the best ways to save money on Spotify is sharing. With a Premium Family subscription, you and five others can share the cost. You each get your own Spotify account with your own playlists and everything else, it's just billed from one place. To use Premium Family you have to all be living under the same roof. The plan currently costs £19.99. If you split that six ways, you're looking at £3.33 each, which is a lot less than paying for your own individual subscription at £11.99. Image credit: Getty
