Spotify Decided to increase prices and introduce new premium plans (2024)

There is significant news for music and Spotify lovers. Spotify is undoubtedly the world’s largest music streaming app with millions of users. Spotify consistently introduces new launches, and now, it has decided to launch new plans and raise prices this year according to Forbes. Spotify recently introduced a new plan for audiobooks priced at $9.99 per month. Consequently, they have decided to remove audiobooks from all other plans.

This sudden price increase only applies to some regions such as Pakistan, the UK, Australia, and two other unnamed regions. It’s a testing phase, and then they will apply those prices worldwide by the end of this year. The new price for the individual plan will increase by up to $1, and the family plan cost will increase by up to $2.

Initially, Spotify introduced 15 hours of listening time for audiobooks in the individual premium plans. When audiobooks garnered millions of views, Spotify decided to create a separate plan for them. Subsequently, they launched a special low-priced audiobook plan with 15 hours of listening time per month at the cost of $9.99, which is only $1 less than the individual plan.

There are various reasons for Spotify to increase prices. Spotify pays less to creators of audiobooks compared to other music listening platforms. There is significant pressure on Spotify to increase the payout amount per 500 streams. To meet the requirements of creators, Spotify decided to increase the prices of premium plans and add new exciting plans for users.

Indeed, there is a new premium plan for soundtracks and podcasts without audiobooks at a very low price. This package will be coming soon this year.

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Spotify frequently increases the prices of its premium plans according to their needs. Initially, Spotify introduced audiobooks in the individual premium plan at the same prices, but after gaining popularity, they decided to create a separate premium plan for audiobooks. Actually, all of these changes, like increasing prices and introducing new plans, are primarily for audiobooks.

They increase the price of each premium plan by $1 to $2. However, we can provide you with the most secure way to download Spotify Premium for free and enjoy all those features by simply clicking on a single button.