According to reports, the popular music streaming service Spotify is considering introducing a more premium membership tier. A person familiar with the inside details told Bloomberg.
HiFi audio, or higher-fidelity audio streaming, is anticipated to be included in the new tier to please subscribers who prefer excellent sound quality.
At the moment, Spotify’s basic Premium plan allows for lower bitrate music streaming, which some fans are not satisfied with.
The source claims that, despite the lack of specifics, the new tier may cost $5 more than the existing Premium subscription, which varies depending on the area but is normally approximately $9.99 in the US. This would put Spotify’s HiFi option in a competitive market against rival services like Amazon Music Unlimited and Apple Music
Spotify has not yet made an official statement regarding the possible introduction of a new membership tier, but the company recently raised the price of its basic Premium plan in the US, claiming that it needed to fund product development and innovation.
It’s not certain how many Spotify subscribers would be ready to pay more for higher-quality audio even if the HiFi tier is confirmed. This change might draw in audiophiles looking for a better listening experience, but it might also turn off those users who are happy with the sound quality as it is and aren’t willing to pay extra.
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