Spotify is exploring the option of charging up to $5.99 per month in addition to existing subscription fees for a new music streaming service offering higher-quality audio, remixing tools, and access to concert tickets.
The report, citing unnamed sources, indicated that Spotify could launch the “Music Pro” tier later this year. The company is still finalizing the details, with pricing expected to vary by region, offering lower costs in less-developed markets.
A Spotify spokesperson, via email, stated that the company could not confirm any speculation regarding the potential details or features of the new service. According to the report, the upcoming service would incorporate artificial intelligence for certain features, enabling subscribers to mix songs from various artists. It also mentioned that Spotify has had preliminary discussions with major promoters and ticket sellers.
In the United States, Spotify’s largest revenue-generating market, the streaming platform charges $11.99 per month for its plan, with prices reaching up to $19.99 for a family plan that supports up to six members.
Recently, Spotify secured multi-year agreements with Warner Music Group and Universal Music Group for music recording and publishing.
CEO Daniel Ek has indicated that the company plans to introduce personalized offerings, including a premium tier called “superfans of music.” The Swedish streaming giant has projected 678 million monthly active users for the first quarter, closely aligning with the estimated 679.4 million.
