![]() ![]() The company described Spotify HiFi, which got later delayed, as designed to "deliver music in CD-quality, lossless audio format to your device and Spotify Connect-enabled speakers." Lossless audio exists already for listening options with Amazon Music and Apple Music. The idea for high-fidelity audio feature dates back to February 2021, when Spotify originally revealed it intended on adding it in certain markets for people with premium accounts. The plan’s price point will reportedly come set above its currently-available options. will get the "Supremium"-nicknamed option in 2023. In June, Bloomberg reported that listeners of the audio streaming giant outside the U.S. SPOTIFY TRIMMING MORE WORKERS AFTER LAYING OFF 6% IN JANUARY ![]() Spotify reportedly has a higher-priced subscription plan bringing high-fidelity audio to users in the works as well. Spotify says existing Premium plan subscribers "will be notified via email and given a one-month grace period before the new price becomes effective, unless they cancel before the grace period ends." Markets where prices will be increasing include the U.S., Mexico, Canada, United Kingdom and Europe, Brazil and Australia, among others. ![]() "These updates will help us continue to deliver value to fans and artists on our platform." So that we can keep innovating, we are changing our Premium prices across a number of markets around the world," it added. "The market landscape has continued to evolve since we launched. SPOTIFY HAS HIGHER-PRICED SUBSCRIPTION PLAN IN THE PIPELINE: REPORT ![]()
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