Spotify Premium is set to increase by $1 a month to $11, according the unsourced report. Spotify has long resisted any price increases, but the move would bring it in line with all of its major competitors, some of which have seen recent increases to that $11 mark. A price increase was all but assured by Spotify CEO Daniel Ek during the company’s first-quarter earnings call. The company ended the first quarter with a 156 million-euro operating loss, and a total loss of 239 million euros. Still up in the air, meanwhile, is whether Spotify is getting any closer to launching its long-awaited hi-fi lossless tier.

Source: Wall Street Journal July 22, 2023 00:28 UTC