Spotify Launches Basic Streaming Plan [Video]

Spotify Launches , Basic Streaming Plan.

The streaming company announced the new”Basic” plan on June 21, TechCrunch reports.

It will cost $10.99 per month,but it won’t grant access to audiobooks.

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Other than that, the Premiumbenefits will remain the same.

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The news comes after Spotify raised itsPremium plan price to $11.99 a few weeks ago.

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The new “Basic” plan could be the first of a fewnew subscription tiers, TechCrunch reports.

Spotify is reportedly developing a “Supremium” plan at the moment which would grant access to high-fidelity audio.

According to ‘Bloomberg,’ that tier willcost a minimum of $5 more each month.

The streaming giant reported a20% revenue increase in April.

It also saw Premium subscriptionsincrease by 14%.

Spotify’s Q2 2024 earnings areexpected to be released on July 24