Welp… Spotify subscriptions are increasing. In a new update shared by the company today, Spotify is increasing the price on several of their Premium subscription plans.
Per a press release shared by Spotify, they write:
“With 200+ million Premium subscribers, we’re also proud to be the world’s most popular audio streaming subscription service, giving Premium users access to on-demand and ad-free music listening, offline music downloads, and quality music streaming. The market landscape has continued to evolve since we launched. So that we can keep innovating, we are changing our Premium prices across a number of markets around the world. These updates will help us continue to deliver value to fans and artists on our platform.”
Below are the new prices associated with each Premium subscription plan:
Premium Individual: $10.99
Premium Duo: $14.99
Premium Family: $16.99
Premium Student: $5.99
According to Spotify, an email has been sent out to users who are subscribed to these plans, providing them with more information on changes.
Besides the company keeping it pretty vague as to why exactly they are increasing their prices, what is also worth noting is that there is no mention of them saying they will pay artists on the platform more.
According to a 2023 report from Ditto, Spotify pays their artists “between $0.003 – $0.005 per stream on average.”
You would think that if Spotify is going to charge its customer base more for a subscription, then the company could also increase what they pay artists. Back this past June, Cradle of Filth frontman Dani Filth called out the streaming platform, saying that “Spotify are the biggest criminals in the world.” He went on to add “I think we had 25, 26 million plays last year, and I think personally I got about 20 pounds, which is less than an hourly work rate.”
What do you think of Spotify increasing its subscription plans?