announced it would be raising the price on it US plans by $1.A student plan will now cost $5.99 per month, a single premium plan will star at $10.99 and families can expect to pay $16.99.The music and podcast streaming app has embarked on a number of drastic cost cutting moves in recent months.
In January, it cut 800 jobs, and it laid off additional 200 people in June. A pricey $20 million deal with Prince Harry and Meghan Markle was axed in June after the couple failed to deliver enough content.Spotify is just the latest of many streamers to announce price hikes.
Have a look. Apple announced at the end of 2022 that its premium monthly rate would be raised to $10.99 from $9.99. This coincided with a raise in its Family plan from $14.99 to $16.99.It increased prices at the end of 2022.
The Individual Plan was raised to $10.99 while its Student plan increased to $5.99/month, representing a hike of $1 for both plans.The Premium Music plan was raised by $1 to $10.99/month a few days ago, with a three-month grace period for members who subscribed at least five years ago.YouTube TV, which offers subscribers sports and news from 100+ channels, also announced an $8 uptick to $72.99/month.The popular movie and TV streamer recently eliminated its lowest ad-free tier — formerly $9.99/month — in favor of a $15.49/month Standard, ad-free plan. (Those already on the $9.99 plan will have their rate unchanged, for now.)New subccribers who want to save some dough can opt for Netflix’s new “Standard with ads” plan.
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