Music streaming service Spotify announced Monday that it is raising the prices on its Premium plans by one to two dollars “so that we can keep innovating.'
In June, Bloomberg reported that listeners of the audio streaming giant outside the U.S. will get the "Supremium"-nicknamed option in 2023. The idea for high-fidelity audio feature dates back to February 2021, when Spotify originally revealed it intended on adding it inThe company described Spotify HiFi, which got later delayed, as designed to "deliver music in CD-quality, lossless audio format to your device and Spotify Connect-enabled speakers.
Spotify also reportedly has a higher-priced subscription plan bringing high-fidelity audio to users in the works.The audio streaming giant told Bloomberg in June that while it is "constantly iterating and ideating to improve our product offering and offer value to users," it doesn’t comment on "speculation around possible new features."
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