Music streaming platform Spotify is planning a more expensive subscription option that is expected to include high-fidelity audio, Bloomberg News reported on Tuesday.
The new tier, called"Supremium" internally, will be the company's most expensive plan as it aims to drive more revenue and placate investors who have been urging the Swedish company to raise prices, the report said.The company announced the HiFi feature, which upgrades sound quality of the songs to"lossless" CD-quality music, in 2021.
To augment its current premium tier, Spotify will give subscribers expanded access to audiobooks, either through a specific number of hours free per month or a specific number of titles, the report said.We live in a world where facts and fiction get blurred In times of uncertainty you need journalism you can trust. For 14 free days, you can have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.