Spotify is changing its tune.
On Monday, Spotify announced it will be raising the value on it US plans by $1.
A student plan will now cost $5.99 monthly, a single premium plan will star at $10.99 and families can expect to pay $16.99.
The music and podcast streaming app has launched into quite a few drastic cost cutting moves in recent months.
In January, it cut 800 jobs, and it laid off additional 200 people in June.
A dear $20 million take care of Prince Harry and Meghan Markle was axed in June after the couple didn’t deliver enough content.
Spotify is just the most recent of many streamers to announce price hikes. Take a look.
Apple Music
Apple announced at the top of 2022 that its premium monthly rate could be raised to $10.99 from $9.99. This coincided with a raise in its Family plan from $14.99 to $16.99.
Amazon Music
It increased prices at the top of 2022. The Individual Plan was raised to $10.99 while its Student plan increased to $5.99/month, representing a hike of $1 for each plans.
YouTube Music & YouTube TV
The Premium Music plan was raised by $1 to $10.99/month a couple of days ago, with a three-month grace period for members who subscribed not less than five years ago.
YouTube TV, which offers subscribers sports and news from 100+ channels, also announced an $8 uptick to $72.99/month.
Netflix
The favored movie and TV streamer recently eliminated its lowest ad-free tier — formerly $9.99/month — in favor of a $15.49/month Standard, ad-free plan.
(Those already on the $9.99 plan could have their rate unchanged, for now.)
Recent subccribers who want to avoid wasting some dough can go for Netflix’s latest “Standard with ads” plan. It allows subscribers to observe “all but a couple of” of the flicks and TV shows within the streamer’s library for the value of $6.99/month.
Peacock
One other recent development has seen price hikes for NBCUniversal’s Peacock, home of beloved shows akin to “The Office.” Peacock just raised its ad-supported rates from $4.99 to $5.99. The ad-free tier has also develop into dearer, going from $9.99 to $11.99/month.
Hulu
Hulu’s ad-free plan was raised from $12.99 to $14.99 back in October, at the identical time its ad-supported tier was raised from $6.99 to $7.99/month.
Max
The brand new fusion of HBO Max and Discovery+, unveiled earlier this yr, has raised its ad-free tier from $14.99 to $15.99.
Max’s “ultimate ad-free” tier, at $19.99/month, offers streaming on 4 devices concurrently, while its ad-supported tier is $9.99/month.
Amazon Prime
Amazon Prime Video is bundled with the advantages of Amazon Prime for $14.99/month. This was increased in early February 2022 fro $12.99/month.
Amazon has not announced plans to extend prices again, and offers a solo Prime Video subscription for $8.99/month.
Paramount+
Formerly $9.99/month, Paramount+ raised its Premium plan to $11.99 earlier this yr, following the mixing of Showtime into its platform.
Its ad-supported option was concurrently increased from $4.99/month to $5.99.
Apple TV+
Apple TV+ is one of the crucial inexpensive streamers on the market, perhaps owing to its smaller library of offerings, that are all Apple originals.
The streamer raised its rate from $4.99 to $6.99 in late 2022 and has remained the identical since, with no known plans to hitch fellow streamers in 2023 price hikes.
Starz
Like many other streamers, Starz is raising its subscription fee by $1, from $8.99 to $9.99/month. That is the primary time that the platform has raised prices since its inauguration in 2016.
The platform can also be offering a promotion wherein subscribers can get 3 months for $4.99/month, before being charged the everyday $9.99.
Disney+
Disney+ currently offers an ad-free tier of $10.99 (up from $7.99 last yr) and an ad-supported option at $7.99/month.
Disney+ also offers multiple “Disney Bundle” plans, including: Duo Basic, which offers Hulu and Disney+ with ads for $9.99/month; Trio Basic, which offers Hulu, Disney+, and ESPN+ with ads for $12.99; and Trio Premium, which offers Hulu, Disney+, and ESPN+ without ads for $19.99.
While no concrete price hikes have been announced, Disney CEO Bob Iger has intimated that subscribers can expect to see a rise in price later this yr.
