When it comes to music streaming services, Spotify is the biggest platform out there considering the number of subscribers. As of Q4 2020, the company has 345 million users out of which 155 million are subscribed to the premium subscription. To keep multiple users attached to the service, Spotify offers multiple plans from individuals to the Family. Well, it looks like the company is now increasing the pricing of these plans in various regions. Here’s everything you need to know about it.
Spotify is increasing the price of its plans in multiple regions!
Spotify appears to be increasing the prices of its variety of plans across the UK, parts of Europe, and the US. If you fall in any of these regions, then you might have already received the official mail about this change in subscription fees. Here’s a look at the changes depending on the country.
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- For the US:
- Family plan: $15.99 per month (up from $14.99)
- Premium, Duo, Student plans remain the same!
- For the UK:
- Student plan: £5.99 per month (up from £4.99)
- Duo plan: £13.99 a month (up from £12.99)
- Family plan: £16.99 per month (up from £14.99)
- For the parts of Europe and Ireland:
- Student plan: €5.99 a month (up from €4.99)
- Duo plan: €12.99 per month (up from €11.99)
- Family plan: €17.99 per month (up from €14.99)
As you can see, the US had it quite easy with just the Family plan being hicked while the remaining plans have witnessed no change at least for now. For the UK and Europe, almost all the plans are changed except the individual ones. While Student and Duo plans are increased by a unit of currency, the same is not the case with Family plans. For those who’re unaware, the Duo plan is available for two users while the Family plan supports up to six accounts.
These new price hikes will be applicable in the mentioned region from April 30. Once again, the individual plan remains unaffected. Spotify is also offering a grace period of a month for existing subscribers. After which, the new prices will automatically be charged from the linked payment method.
More countries to soon follow the suit?
According to a report by The Verge, Spotify will bring a similar pricing change to some countries in Asia and South America. It would be interesting to see whether the company will hike the price in the Indian market as well or not. With so many cheaper alternatives in the country, the increase in a price hike for India might end up costing the company itself.