‘Spotify’ Plans to Increase Subscription Fees


0

According to rumors based on sources close to Spotify, the Swedish company has recently raised its prices. The company will first measure reactions in Scandinavia, its home country, by increasing prices.

The fact that monthly subscription services for the music market is becoming popular and these services become serious resources for producers annoys some of the service providers. Because copyright holders are demanding more fees, services have difficulty meeting these demands without raising prices.

Spotify, which has recently come up with problems especially with Apple, is said to increase prices. According to rumors, the company will first increase its prices in Scandinavia. The price increase will first be affected by family package users. The price of this package is planned to be increased by 13%.

Spotify is developing many new features for the application and permanently putting some of them into service, while removing some of them. A similar path will be followed in price increase. Spotify will initially see a price increase and reactions locally. He will then make his final decision on the price increase.

Copyright fees and commissions force Spotify to raise

‘Spotify’ Plans to Increase Subscription Fees

Spotify ‘s tendency to increase prices behind the company is almost cornered. Music producers and artists complain about falling earnings. Spotify is also prosecuting for in-app purchase commissions with Apple, and the amount of commissions that are subject to the case is really serious. Serving at a loss for years, the company is aware of the fact that this strategy cannot be sustained for a long time and it is time to make a profit.

See also  Representative images showing the 'colossal dimensions' of the PS5 on the table

The Swedish company is generally focused on improving its platform. Preferred devices, home and outdoor listening to switch between ease, personal playlists, audio ads, artist blocking, social listening, podcast discovery features such as Spotify’i highlights. The company tries its chances even in the morning travel broadcasts, which are the pride of the radars.

What Spotify offers is that they want to make it difficult to leave the platform for another platform.


Like it? Share with your friends!

0

What's Your Reaction?

hate hate
0
hate
confused confused
0
confused
fail fail
0
fail
fun fun
0
fun
geeky geeky
0
geeky
love love
0
love
lol lol
0
lol
omg omg
0
omg
win win
0
win
Becks

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x