Spotify is reportedly prepping a new premium plan with HiFi

Bloomberg recently reported that Spotify, the popular music streaming platform, might be on the verge of introducing a new premium tier that includes high-fidelity audio, which has been eagerly anticipated by many. While Spotify’s CEO, Daniel Ek, has hinted at a new premium level to rival the likes of Apple Music and Amazon Music, he has remained elusive about when this might happen. Both competitors have already incorporated lossless, high-resolution catalogs into their offerings without any additional charges. “Supremium” The rumored new subscription tier, internally dubbed as “Supremium,” could potentially offer extended access to audiobooks, besides lossless audio versions of Spotify’s vast music library, according to the report. That’s about it when it comes to details. There are still a lot of unanswered questions. For example, the report did not provide a specific timeline for the launch of Supremium. It did, however, mention that the service would initially be made available to markets outside the U.S. This usually happens when companies introduce a new product and want to see how it performs in real life. The report also didn’t provide any insights into pricing either, but it is expected to be pricier than the existing Spotify Premium plan, which currently costs $10 a month in the U.S. Spotify pricing PlanPrice Per MonthNumber of AccountsFeaturesIndividual$9.991 accountAd-free music listening, play anywhere – even offline, on-demand playbackDuo$12.992 accounts2 Premium accounts for a couple under one roof, ad-free music listening, play offline, on-demand playbackFamily$15.996 accounts6 Premium accounts for family members living under one roof,…Spotify is reportedly prepping a new premium plan with HiFi

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