So, guess what’s spiking faster than your favorite high-energy playlist? Spotify prices, yet again! Brace yourselves for a little more cha-ching in your music-listening routine. Starting July, those sweet sounds will come with an extra dollar on the premium plan, bumping it up to $11.99 a month in the US – that’s a 20% jump in just two years!
But hold on, the price-pumping parade doesn’t stop there. The Duo plan is also hopping on the price-hike bus with a $2 increase to $16.99 while the family plan is cranking up by $3 to hit $19.99 per month.
Why this sudden urge to make our wallets sweat? Well, Spotify aims to keep churning out top-notch features and innovations for users; hence, they claim the need for these increases to ensure we groove smoothly.
Seems like inflation and rising costs are pushing not just Spotify but most streaming services towards upping their fees lately. It’s like they’re all joining this expensive karaoke party where everyone wants a bigger slice of the pie!
Despite all this money talk, Spotify shares are on a bullish streak – up over 2% before breakfast! Seems like Wall Street is dancing along to Spotify’s tune lately.
This hike might hit us in the pocket, but hey, good music is priceless right? Or maybe just $11.99 a month now.