Spotify Is Raising Prices For International Customers

Spotify is raising prices for many world customers. The institution conscionable said that Premium subscribers passim nan world will beryllium receiving an email wrong nan adjacent period that outlines nan increase.

It hasn't announced which countries will beryllium impacted, but did opportunity that nan areas see South Asia, nan Middle East, Africa, Europe, Latin America and nan Asia-Pacific region. That's astir of nan world.

The institution didn't supply circumstantial specifications regarding nan value increase, but did station a sample email successful a blog station that showed an uptick of astir $1 per month. The email notes an summation from €10.99 to €11.99 successful an unspecified country. In American dollars, nan caller costs shakes retired to astir $13.90. The value for American consumers is still $12 per month.

Spotify announced this news aft a disappointing net study successful which it missed gross expectations. This caused nan banal to drop by 11 percent and for CEO Daniel Ek to denote that he's "unhappy" pinch nan company's existent performance.

The Verge scoured nan Internet Archive and recovered that immoderate countries person already knowledgeable a caller value increase. The caller subscription costs has already been applied to users successful Spain, Italy and Portugal.

Ek has been branching distant from nan euphony and podcast streaming business successful caller months. He precocious led a $694 cardinal investment successful a defense startup called Helsing.