Spotify Announces Price Hike Linked to Increased Audiobook Popularity

Wednesday, 3 April 2024, 14:00

Spotify is planning a price increase attributed to the surge in audiobook consumption, with subscription costs set to rise initially in international markets before impacting the U.S. later in the year. This move is in response to the growing demand for audiobooks resulting in the need for additional investments from the popular music streaming service.

https://store.livarava.com/8c2970bd-f1d6-11ee-894f-87cc5c87fb08.jpg — Spotify Announces Price Hike Linked to Increased Audiobook Popularity

Spotify's Subscription Price Hike

Spotify is set to increase subscription prices globally due to the rising demand for audiobooks, starting with international markets and eventually affecting the U.S. The decision is driven by the growing popularity of audiobooks

Key Details:

Price hike to commence in international markets first
Impact expected in the U.S. later in the year
Audiobook demand drives the need for additional revenue

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.