Spotify raises the distinguished subscription price in the world (but not in the United States … until now)

For many international customers, the cost of broadcasting their favorite music Spotify It is about to have a greater impact on their wallets.

Music broadcast service Declare It raises the monthly price for Installation subscription To 11.99 euros ($ 13.87) starting in September. Spotify said that the high prices of Euro will affect the markets in South Asia, the Middle East, Africa, Europe, Latin America, Asia and the Pacific, but they were not affected by the two countries.

The price of subscribers in the United States-at least will not rise at least. This will not last – the company raised the price by the dollar in 2023 and another dollar in 2024. Its cost is now $ 12.

Spotify immediately did not respond to a request to comment on whether he is planning to raise US prices for distinguished subscriptions.

In its announcement on Monday, Spotify said that it would increase the price increase “so that we can continue to innovate in our products and features of our products, and provide the best experience.”

This advertisement gave a shot in Spotify during Monday’s trading, with an increase of approximately 7 % in the share price on the New York Stock Exchange. The share price fell by 11.5 % on July 29, after the company’s profit forecast fell below what analysts expected.