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Spotify plans to introduce lossless audio streaming within the new subscription tier

In accordance with reviews from Bloomberg, Spotify is dedicated to a brand new subscription tier dubbed Supreme with lossless audio streaming. The function, initially known as Spotify HiFi, was launched in February 2021, however has but to roll out. The pricier plan is anticipated to launch later this yr, initially in non-US markets.

Spotify HiFi Worth Speculation

There have been many speculations concerning the value of Spotify HiFi since its announcement. Rivals like Amazon Music and Apple Music already present lossless streaming as a part of their common plans at no additional value. Bloomberg’s tales adopted bulletins from Amazon and Apple that put Spotify on maintain on the HiFi launch.

Spotify reacts to voices

In response to those rumours, Spotify spokeswoman Laura Pezzini mentioned the corporate is consistently striving to enhance its product whereas offering worth to its prospects. Nevertheless, she added that she doesn’t contact on hypothesis about new variants obtainable and has nothing new to share presently.

Regardless of the delay, Spotify co-president Gustav Söderstrom confirmed that HiFi remains to be within the works. He acknowledged that the market has modified, which is what prompted Spotify to go his personal approach. Söderstrom harassed that they wanted to implement HiFi in a approach that made sense for each the corporate and its listeners. Nevertheless, he was unable to current explicit particulars deriving from etiquette agreements and firm dynamics.

A Spotify survey carried out final yr steered the corporate was contemplating paying $19.99 a month for HiFi as a part of the Platinum plan. Moreover, the survey indicated the potential for audiobooks to be integrated into future plans concurrently.

Whereas Spotify’s present premium tier prices $9.99 within the US, Apple and Amazon have raised the widespread tier’s prices to $10.99, in accordance with a report by Bloomberg.

Combine audiobooks into Spotify Premium

In accordance with Bloomberg, Spotify is contemplating providing entry to audiobooks in its present premium tier. The function will roll out within the US in October, and sure different markets quickly. Subscribers can have entry to a sure variety of hours or titles. Presently, Spotify sells audiobooks individually.

Steadily Requested Questions (FAQ)

1. When will Spotify introduce lossless audio streaming?

Spotify plans to introduce lossless audio streaming in a model new subscription tier known as Supreme. The function, initially referred to as Spotify HiFi, was launched in February 2021 however has but to roll out. The brand new, dearer plan is anticipated to be accessible in non-US markets later this yr.

2. What’s the value of Spotify HiFi?

The worth of Spotify HiFi has been the topic of hypothesis since its announcement. Rivals like Amazon Music and Apple Music present lossless streaming as a part of their common plans at no additional value. Spotify has delayed the discharge of HiFi following these bulletins. The corporate is presently engaged on determining the fee methodology and ensuring it aligns with its financials.

3. Will Spotify add audiobooks to its premium tier?

Spotify is contemplating bundling entry to audiobooks into its present premium tier. The function might very nicely launch within the US, probably in October, and different markets sooner. Subscribers can have entry to a sure variety of hours or titles. Presently, Spotify gives audiobooks for particular individuals.

4. How does Spotify plan to adapt to enterprise modifications?

Spotify co-president Gustav Soderstrom acknowledged that the enterprise has modified. Regardless of the delay, Spotify stays devoted to introducing HiFi into a sensible medium for the corporate and its listeners. Nevertheless, explicit particulars referring to the development of variation deriving from labeling agreements and business dynamics won’t be obtainable.

5. How does the worth of Spotify premium tier evaluate to opponents?

Spotify’s present premium tier prices $9.99 within the US. In distinction, Apple and Amazon have raised their customary tier prices to $10.99.