Spotify, a leading music streaming service, is reportedly planning to introduce a new subscription tier called "Music Pro" that could cost up to $5.99 per month on top of existing subscriptions, according to Bloomberg News. The new service is expected to offer high-quality audio, remixing tools, and access to concert tickets.
- The "Music Pro" tier may launch this year, with prices varying by region and lower costs in less-developed markets.
- The service will incorporate artificial intelligence for some features, enabling subscribers to mix songs from different artists.
- Spotify has engaged in preliminary discussions with major promoters and ticket sellers to facilitate the concert ticket access.
- In the US, Spotify's largest market, the current individual tier costs $11.99 monthly, while the family plan, accommodating up to six members, is priced at $19.99.
A Spotify spokesperson declined to confirm the specifics of the potential features or pricing, stating that the company cannot comment on speculation.
Recently, Spotify secured multi-year agreements with Warner Music Group and Universal Music Group for recording and publishing music.
CEO Daniel Ek has previously hinted at personalized offerings, including a premium tier for "superfans of music." The company projects 678 million monthly active users for the first quarter, aligning closely with analyst estimates of 679.4 million.
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