- A new report suggests that Spotify is preparing to launch its lossless music subscription tier.
- The new tier is expected to cost at least $5 more per month than Spotify’s current premium plans.
- The upgraded tier will also offer innovative playlist creation and curation tools.
After years of rumors and leaks, Spotify‘s highly anticipated lossless music plan may finally be coming to fruition, albeit at a premium price, according to a recent report from Bloomberg. Although the new ‘super premium’ plan is expected to be expensive, Spotify seems to have figured out an appealing feature that could make the extra cost worthwhile for users.
According to the report, the new premium tier is expected to cost at least $5 more per month than Spotify’s current offerings and will be positioned as an add-on for existing subscribers. The report says that the pricing for the new tier will vary depending on each user’s base plan pricing (possibly referring to different prices in different regions), but it is estimated to average out to about a 40% markup.