Spotify To Introduce New Premium Plan With High-Fidelity Audio And Playlisting Tools
Portfolio Pulse from Benzinga Newsdesk
Spotify Technology SA is set to launch a new premium plan called 'Supremium' later this year, featuring high-fidelity audio and advanced playlisting tools. The plan will cost at least $5 more per month and is expected to generate additional revenue with an average 40% price increase for users.
June 11, 2024 | 12:12 pm
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Spotify Technology SA will introduce a new premium plan called 'Supremium' later this year, featuring high-fidelity audio and advanced playlisting tools. The plan will cost at least $5 more per month and is expected to generate additional revenue with an average 40% price increase for users.
The introduction of the 'Supremium' plan is likely to positively impact Spotify's revenue by offering a higher-priced tier with attractive features. The average 40% price increase per user suggests significant potential for revenue growth.
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