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Spotify is raising the cost of Premium subscriptions, again (www.engadget.com)

submitted 5 months ago by cyberpunk007@lemmy.ca to c/technology@lemmy.world

322 comments fedilink hide all child comments

Spotify is officially raising its Premium subscription rates in the US come July, following reports of the move in April. The platform is increasing its Individual plan from $11 to $12 monthly and its Duo plan from $15 to $17 monthly — the same jump as last year's $1 and $2 price hikes, respectively. However, its Family plan is going up by a whopping $3, increasing from $17 to $20 monthly. The only subscribers getting a break are students, who will continue to pay $6 monthly.

Spotify announced the price hikes less than a year after its previous one last July. Before that, Spotify hadn't raised its fees since launching a decade and a half ago. I guess it was too optimistic to hope the next increase would also take that long, especially with Spotify's continued focus (and money dump) on audiobooks.

Premium subscribers should receive an email from Spotify in the next month detailing the price hike and providing a link to cancel their plan if they would prefer to do so. Users currently on a trial period for Spotify will get one month at $11 after it ends before being moved up to a $12 monthly fee.

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[–] ExperiencedWinter@lemmy.world 4 points 5 months ago (1 children)

Because then they wouldn't be able to evangelize NFTs. You see this constantly with crypto/NFT tech, a solution in search of a problem

[–] Knock_Knock_Lemmy_In@lemmy.world 2 points 5 months ago (1 children)

Blockchain is used for Xbox royalties.

The problem is that legacy rights holder (the middlemen) have no incentive to use blockchain to cut themselves out. They have the legal high ground and are not going to give it up.

[–] ExperiencedWinter@lemmy.world 1 points 5 months ago (1 children)

Right, and blockchain/NFT have nothing to do with that problem. Xbox could have implemented the exact same program without a blockchain, they just wanted the buzzword in the headline.

[–] Knock_Knock_Lemmy_In@lemmy.world 1 points 5 months ago (1 children)

"By implementing a blockchain-based network and streamlined royalty processing, game publishers and Xbox benefit from a more trusted, transparent and connected system from contract creation through to royalty settlements"

Trust is the key ingredient added by blockchain. Traditional databases couldn't be trusted to be honest.

[–] ExperiencedWinter@lemmy.world 1 points 5 months ago (1 children)

If a game developer can't trust the platform you're developing for, you probably should look to find better business partners.

[–] Knock_Knock_Lemmy_In@lemmy.world 1 points 5 months ago* (last edited 5 months ago)

Excatly! Turn that around.

Platforms can attract more developers by proving they are trustworthy.