Spotify will come later this year with a Music Pro subscription that adds new functions, but also costs extra money. You need to know this.
Spotify is working on Music Pro subscription
The news that Spotify will come up with a Music Pro subscription later this year comes from Bloomberg. The message says that Spotify is working on the development of a new Premium subscription, which will cost about $ 6 extra a month. So on top of the price of the existing subscriptions. For that you get high-quality audio streaming, remix options and exclusive access to concert tickets.
The Spotify Music Pro subscription probably contains AI functions with which users can mix songs from different artists. In addition, Spotify is investigating various strategies for the sale of concert tickets, such as previous access and premium seats. It is not yet clear when the new subscription will appear, because Spotify is still getting the necessary rights from large music companies. The extra costs will probably differ per region, with lower prices for emerging markets.
Hi-Fi Subscription already announced in 2021
According to the report, the new subscription is because Spotify wants to broaden his income flows and focus on dedicated music fans who regularly spend money on merchandise, concerts and fan clubs. The company apparently believes that the new subscription can attract millions of subscribers, despite the extra costs.
Spotify has been working on the development of the extra package for several years. The company already announced plans for a Hi-Fi subscription in February 2021, but a launch never came. Not even when Rivals Apple Music and Amazon Music Unlimited started offering high -quality audio streaming within their standard subscriptions.
Given the progress of the competitors, the Spotify Music Pro subscription will have to have a more extensive offer. One that goes beyond just a better audio quality and playlists produced by AI. What is ultimately offered can still be seen.
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