Spotify enthusiasts, rejoice! The long-awaited hi-res audio tier might finally hit the music streaming scene later this year. As reported by Bloomberg, Spotify’s advanced tier, possibly named Music Pro, is gearing up for its grand debut. This move aligns Spotify with competitors like Tidal, Deezer, and Apple Music in offering superior audio quality to its users.
But wait, there’s more! Apart from enhanced audio, Spotify Music Pro is rumored to offer perks like early access to concert tickets and innovative tools for song editing and remixing. These exciting features are set to undergo testing in the upcoming months, adding a new dimension to the streaming experience for subscribers.
Now, the burning question: How much will this premium service cost? Brace yourselves for a potential $6 increase from the current subscription fee. If the pricing model remains consistent across regions, users in the UK might see a £6 uptick. This puts Spotify’s monthly subscription at a hefty £17.99/$17.99, surpassing its rivals who do not charge extra for hi-res audio access.
The delay in Spotify’s HiFi tier launch has left many wondering about the reasons behind the holdup. Despite being a highly requested feature since 2021, securing streaming rights for top-notch audio quality has proven to be a stumbling block. While competitors managed to navigate this terrain earlier, Spotify’s market dominance likely intensified negotiations with music publishers and artists, resulting in a premium price tag for consumers.
As the music streaming landscape evolves, Spotify’s foray into hi-res audio signifies a significant shift in the industry. With unique offerings like concert ticket perks and song editing tools, Spotify Music Pro aims to revolutionize the listening experience for audiophiles and music enthusiasts alike. Stay tuned for updates on Spotify’s much-anticipated leap into the world of high-fidelity audio streaming.