Spotify confirms price raises in UK, US and beyond

Spotify has confirmed it's raising the baseline price of its premium subscription tier in 53 territories, including the UK and US.

Its UK subscriptions will increase by £1 each month, taking its individual plan up to £10.99 a month.

Its premium duo plan will be hiked to £14.99 and its family plan to £17.99, while its student service will remain at £5.99 a month.

Spotify has said subscribers in the US, Australia and other countries will also face similar price increases.

Back in April, Spotify CEO Daniel Ek said that the brand planned to raise the price of its monthly subscription but was in the process of waiting on deals with record labels before doing so. 

“I think we are ready to raise prices”, said Ek. “I think we have the ability to do that, but it really comes down to those negotiations [with the labels]”.

Following confirmation of the price increases, Spotify released a statement: “The market landscape has continued to evolve since we launched. So that we can keep innovating, we are changing our Premium prices across a number of markets around the world. These updates will help us continue to deliver value to fans and artists on our platform”.

The full list of countries that will see Spotify price increases implemented is as follows: Albania, Andorra, Argentina, Australia, Austria, Belgium, Bosnia and Herzegovina, Brazil, Bulgaria, Canada, Chile, Colombia, Costa Rica, Croatia, Cyprus, Denmark, Ecuador, Estonia, Finland, France, Greece, Guatemala, Hong Kong, Iceland, Indonesia, Ireland, Israel, Italy, Kosovo, Latvia, Lithuania, Luxembourg, Malta, Mexico, Monaco, Montenegro, Netherlands, New Zealand, North Macedonia, Norway, Peru, Portugal, San Marino, Serbia, Singapore, Slovakia, Slovenia, Spain, Sweden, Thailand, Turkey, United Kingdom and United States. 

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