Spotify has announced plans to raise the price of its Premium Individual subscription in several global markets, effective from September. The monthly fee will increase from €10.99 to €11.99 in regions including South Asia, the Middle East, Africa, Europe, Latin America, and Asia-Pacific.
The streaming company confirmed that subscribers would receive email notifications detailing the modify over the coming month. The shift is part of Spotify’s broader strategy to strengthen its profit margins.
Reasons for the price hike
This follows previous price…
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