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Spotify is raising the cost of Premium subscriptions, again (www.engadget.com)

submitted 6 months ago by [email protected] to c/technology

323 comments fedilink hide all child comments

Spotify is officially raising its Premium subscription rates in the US come July, following reports of the move in April. The platform is increasing its Individual plan from $11 to $12 monthly and its Duo plan from $15 to $17 monthly — the same jump as last year's $1 and $2 price hikes, respectively. However, its Family plan is going up by a whopping $3, increasing from $17 to $20 monthly. The only subscribers getting a break are students, who will continue to pay $6 monthly.

Spotify announced the price hikes less than a year after its previous one last July. Before that, Spotify hadn't raised its fees since launching a decade and a half ago. I guess it was too optimistic to hope the next increase would also take that long, especially with Spotify's continued focus (and money dump) on audiobooks.

Premium subscribers should receive an email from Spotify in the next month detailing the price hike and providing a link to cancel their plan if they would prefer to do so. Users currently on a trial period for Spotify will get one month at $11 after it ends before being moved up to a $12 monthly fee.

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[–] x0chi 6 points 6 months ago (4 children)

In the early 90s I used to pay around 10 to 15 euros (20 to 30 with current inflation) for each CD release.

And still we still complain nowadays.

We got a problem with the streaming industry but it's not the price we pay. We must be reasonable, say that the price is 15 bucks, is that really unreasonable for getting at your fingertips and everywhere most of the music even produced? I don't.

I think the major problem with Spotify isn't Spotify problem, but an industry problem. If I remember correctly, Spotify gets around 30%, then there's the distributor, and it gets around 40%. Whatever's left of the cake is divided between the label and the artist depending on the contract. The industry created something that didn't need to exist, another intermediate, the distributor. First apple used them cause of the work they do arranging all the needed metadata and keeping it tidy. The industry created them, now it can't get rid of them, and they "eat" the most part of the money.

[–] [email protected] 18 points 6 months ago (3 children)

Then why does tidal for the same price as spotify with way less users pay four times as much to the artists than spotify? Spotify has the largest market share and now they are trying to milk the cow as much as they can because people are too lazy to switch. Most people don’t even know that you can transfer playlists. Same with Netflix (although they at least have more exclusive content).

[–] [email protected] 1 points 6 months ago* (last edited 6 months ago) (1 children)

Then why does tidal for the same price as spotify with way less users pay four times as much to the artists than spotify?

I wonder why too. Spotify takes a 30% cut, but even if Tidal takes 0% cuts, how come it can pays 4x as much to artists? There must be more to the math to make it check out.

[–] Knock_Knock_Lemmy_In 2 points 6 months ago

Royalties come out of profits.

Profits = revenue - costs.

Inflate costs (pay 3rd parties you also own) and pay less royalties.

At least that's how the movie business works.

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