Spotify’s rivals Apple Music, YouTube Music and Amazon Music Unlimited have all increased prices in the last year. Record label bosses have pushed for more money from streaming services, both through price rises and changes to payment arrangements.Įric Levin, the chief financial officer of Warner Music, one of the “big three” record labels, said in May: “We are doing what we can to try to encourage not just a price increase, but a recurring set of price increases.” Spotify, which has more than 200m paying subscribers, said the price rise was being made to “meet market demands”. It comes amid growing pressure from record labels and artists over payouts to the industry and growing concerns that music generated by artificial intelligence represents a threat to musicians. The Swedish company said it would also raise the price of a family subscription by £1 a month to £17.99. The streaming service will charge users £10.99 a month for its premium service, up from the £9.99 it has been since launch. Spotify is raising the price of its main monthly subscription for the first time in its 15-year history as it comes under pressure to boost payments to the music industry.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |