Spotify Is Increasing the Prices of Some of Its Premium Plan

Spotify Is Increasing the Prices of Some of Its Premium Plans


Spotify
Shares of Spotify rose after the news came out Monday, and rallied again Tuesday after the market opened, according to Markets Insider data. The company is now worth more than $53 billion. 
For each song streamed, it pays artists less than a penny. Last year, Spotify said artists could promote their music to more listeners, if they took a pay cut on per-stream revenue. Apple, meanwhile, has upped the ante, saying it pays out a penny per stream, Insider reported earlier this month. 
Later this year, subscribers in some markets will have access to Spotify HiFi, an upgrade to the sound quality of music that will allow users to "listen to their favorite songs the way artists intended," the music-streaming app said in a press release. 

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