Spotify Aims to Boost Revenue with "Supremium" Subscription
  • 10 months ago
Spotify reportedly plans to introduce a more expensive subscription option called "Supremium," including high-fidelity audio. The move is aimed at generating more revenue and appeasing investors who have been suggesting that the company raise its prices. The new tier is expected to launch this year in international markets before reaching the U.S. Spotify plans to enhance its Premium tier by providing subscribers with increased access to audiobooks, offering a certain number of free hours or titles per month, and introducing the option to purchase additional content. While Spotify has not officially confirmed the new features, these changes could drive additional revenue and maintain investor interest in the company.
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