Spotify Increases Prices for Second Time in a Year

From CNET: Spotify has announced its second price hike in a year with a new monthly subscription to the music streaming service now costing $12 in the US, while existing subscribers will see an increase in July.

in addition, Spotify detailed a $2 bump for Duo and an additional $3 for Family subscriptions, and this follows a price raise for Australia and the UK earlier this year.

Spotify last increased the US price from $10 to $11 in July, while the company has also since thrown in 15 hours of audiobooks a month. The 'free' audiobooks joined existing features such as podcasts and the popular annual Wrapped, though the company is rumored to be considering a cheaper package which does not include books.

Spotify is the most popular music streaming service with 615 million users around the world and includes 239 million subscribers, while Apple Music reportedly follows in second place, though that company doesn't disclose its numbers.

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