Spotify is expected to increase signing prices in Europe and Latin America music
It is not yet known to any countries that will be targeted, but it is very likely that they are Spotify Increase the prices of their signatures in Europe and Latin America this summer. The news was developed by the newspaper Financial timesThat cited sources close to the operation, without naming it. Officially, the measure has not been confirmed yet.
The increase in the euro must be in individual signatures and will not be extended to the United States, which is the largest market for this Running From music. The last exacerbation of the amount to be paid monthly by subscribers in July last year.
The goal of adding that Financial times Now a report? Spotify wants to give priority to profitability, while the price of your actions also increases.
With a share, these British diaries, a Swedish music publishing company that was established nearly 20 years ago, started to increase prices in some markets in recent weeks, with Luxembourg and the Netherlands in this first group of goals targeting the new strategy.
The same sources that he was martyred Financial times Report that Spotify is just one of several platforms Running Those who think about creating services “Super premium“, More comprehensive than the current people, who will allow users available to pay six euros per month (about five euros on the basic fare, which in the United States is $ 11/month) in advance reaching new music publications as well as concert tickets by artists from your preferences.
Some sectors in the music industry have long pressured Spotify, Apple Music and other competitors to increase prices so that they are closer to those that are imposed on services Running Video, like Netflix Or the maximum.
“The procedure comes at the time when the expanded rapid contract in the music sector begins slowing, with the growth of international recipes for the sector to half of the last year,” he writes Financial timesGiving a context to the new strategy of this popular service that it signed.beloved(And not “Super Premium”) in Portugal 7.99 euros per month (4.49 for students).
Apple, Amazon and YouTube also prepare versions “beloved“From your services from Running From music, it guarantees diaries, without moving prices.
Spotify, who declined to comment on the information that this newspaper transmits is particularly concerned with the economy, The procedures are more than repeated last yearAfter growing in the number of subscribers, and of course in revenue. The company will present new results next Tuesday.
The Swedish platform has long been accused Do not distribute your recipes properly by musiciansContribute to the danger of the sources of music industry performance.
