The music streaming provider is targeting 1 billion users.
Price increases combined with cost-cutting efforts in recent years helped Spotify achieve its first annual profit last year. STOCKHOLM: Spotify will raise prices as it invests in new features and targets 1 billion users, the Financial Times reported on Sunday citing the music streaming provider's co-president and chief business officer Alex Norstrom . The increases would be accompanied by planned new services and features, the FT cited Norstrom as saying in an interview.
Earlier in August, the Swedish firm said it would increase the monthly price of its premium individual subscription in some markets from September, as it looks to improve profit margins. It said the price will rise to €11.99 from €10.99 in markets including South Asia, the Middle East, Africa, Europe, Latin America and the Asia-Pacific region.
Spotify Annual Profit Spotify Financial Times Interview Spotify New Features Spotify Price Increase Spotify Price Rise Spotify Subscription Spotify Subscription Price
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Spotify plans price rises for new services amid one billion user goalSpotify will raise subscription prices as it invests in new features and targets one billion users, according to company executive Alex Norstrom.
Read more »
Spotify sees 12% rise in paid subscribers(Reuters) -Kylian Mbappe will follow Real Madrid greats Ferenc Puskas, Clarence Seedorf and Luis Figo by wearing the iconic number 10 jersey after Luka Modric's departure to AC Milan, the LaLiga club said late on Tuesday.
Read more »
RapidKL Announces Rentak Rapid; Its Spotify Profile With Curated PlaylistsTechnology News Malaysia
Read more »
Spotify To Raise Prices For Premium SubscriptionsSpotify has announced that it is raising the prices for its Premium subscription plans. Current subscribers will see the change next month.
Read more »
Spotify Raises Prices For Premium Subscriptions; Now From RM17.50Spotify has announced that it is raising the prices for its Premium subscription plans. Current subscribers will see the change next month.
Read more »
Band Lokal Tarik Balik Lagu Keluar Dari Spotify, Bukan Sebab Harga Naik Tapi Solidariti Untuk PalestinPengumuman kenaikan harga pelan langganan Spotify baru-baru ini telah menimbulkan banyak ketidakpuashatian pelanggannya.
Read more »