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Spotify is elevating the value of its ad-free premium service in additional than 50 international locations, together with the US, UK and Eire.
The music-streaming firm, which has greater than 200m Premium subscribers, mentioned the transfer will end in a $1 (78p) improve for US-based plans.
This implies the value of a single plan will now begin at a month-to-month fee of $10.99 (£8.56), duo at $14.99 (£11.68), the household plan at $16.99 (£13.29) and the scholar plan at $5.99 (£4.67).
The value of UK-based plans is ready to extend by £1, in accordance with expertise information webiste The Verge.
A complete of 53 international locations might be affected by the value hike, together with Spain, Australia, Canada and France.
The corporate mentioned present subscribers might be notified one-month earlier than value adjustments come into impact.
It comes as the opposite streaming companies have additionally raised costs attributable to growing stress from traders to spice up profitability after years of rising person numbers.
Companies from Apple and Amazon have elevated costs this yr, whereas YouTube additionally hiked costs final week on its month-to-month and annual premium plans within the US, the primary time for the reason that subscription service was launched in 2018.
In current months, Spotify has laid off hundreds of staff and restructured the podcast unit, which it had constructed up with billions of {dollars} in funding, with a view to enhance revenue.
The Sweden-based firm mentioned Premium subscribers must change to their free ad-supported service if they don’t want to pay the upper price.
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