Get ready for an immersive music experience: Spotify’s HiFi tier requires an upgraded subscription!

Spotify plans to introduce lossless audio streaming in new subscription tier

In response to Bloomberg, Spotify is reportedly engaged on a brand new subscription tier referred to as Supreme with lossless audio streaming. The function, initially named Spotify HiFi, was introduced in February 2021, however is but to be launched. The most costly plan is anticipated to launch later this yr, initially in non-US markets.

Hypothesis relating to the pricing of the Spotify HiFi

There’s been quite a lot of hypothesis concerning the pricing of the Spotify HiFi since its announcement. Rivals like Amazon Music and Apple Music already provide lossless streaming as a part of their regular plans at no additional price. The Bloomberg tales adopted bulletins from Amazon and Apple that put Spotify on maintain on the launch of HiFi.

Spotify reacts to the rumors

In response to those rumors, Spotify spokeswoman Laura Pezzini stated that the corporate is continually engaged on enhancing its product providing to offer worth to its customers. Nonetheless, he added that he doesn’t touch upon speculations about attainable new variants and has nothing new to share right now.

Regardless of the delay, Spotify co-chairman Gustav Söderstrom confirmed that HiFi continues to be within the works. He acknowledged that the trade has modified, which is what impressed Spotify to take its method. Söderstrom emphasised that they needed to implement HiFi in a means that made sense to each the corporate and its listeners. Nevertheless, he couldn’t present particular particulars resulting from label agreements and enterprise dynamics.

A Spotify survey performed final yr recommended that the corporate was contemplating paying $19.99 month-to-month for HiFi as a part of the Platinum plan. Moreover, the survey indicated the potential of simultaneous audiobook insertion in future plans.

In response to a Bloomberg report, whereas Spotify’s present premium tier prices $9.99 within the US, Apple and Amazon have elevated their common tier costs to $10.99.

Audiobooks integration in Spotify Premium

In response to Bloomberg, Spotify can be contemplating offering entry to audiobooks in its present premium tier. The function will launch within the US in October and doubtlessly in different markets quickly. Subscribers may have entry to a sure variety of hours or titles. At present, Spotify sells audiobooks individually.

Incessantly Requested Questions (FAQs)

1. When will Spotify introduce lossless audio streaming?

Spotify is planning to introduce lossless audio streaming in a brand new subscription tier referred to as Supreme. The function, initially generally known as Spotify HiFi, was introduced in February 2021 however is but to be launched. The brand new, costlier plan is anticipated to be obtainable in non-US markets later this yr.

2. How will Spotify HiFi be priced?

The pricing of the Spotify HiFi has been the topic of hypothesis ever since its announcement. Rivals like Amazon Music and Apple Music provide lossless streaming as a part of their regular plans at no additional price. Spotify delayed the discharge of HiFi following these bulletins. The corporate is at the moment engaged in figuring out the cost method and making certain that it aligns with their financials.

3. Will Spotify add audiobooks to its premium tier?

Spotify is contemplating bundling entry to audiobooks in its present premium tier. The function may very well be launched within the US, doubtlessly in October, and in different markets earlier than that. Subscribers may have entry to a sure variety of hours or titles. At present, particular person audiobooks are provided on Spotify.

4. How does Spotify plan to adapt to the enterprise modifications?

Spotify’s co-chairman, Gustav Soderstrom, acknowledged that enterprise has modified. Regardless of the delay, Spotify stays dedicated to introducing HiFi in a means that is smart for the corporate and its listeners. Nevertheless, particular particulars relating to the variation course of won’t be obtainable resulting from label agreements and trade dynamics.

5. How does Spotify’s premium tier price in comparison with rivals?

The present premium tier of Spotify prices $9.99 within the US. In distinction, Apple and Amazon have raised their customary tier costs to $10.99.