Spotify officially enacts its plan to increase its subscription fees. Spotify has finally increased its prices for the first time. The popular audio-streaming platform recently announced it is finally implementing its planned subscription fee increase after announcing its intention to do so last week.
Spotify CEO Daniel Ek has previously stated that the company is considering raising prices in the US in response to price rises by competitors such as Apple Music.
Spotify is reportedly looking to increase its subscription rate, amidst many doing so. Another streaming platform is joining the increasing prices of subscriptions, with Spotify reportedly pushing a change in its monthly fees starting next week.