It was supposed to provide users with access to high-quality recordings. Thus, Spotify management wants to increase revenue and satisfy investors who have previously requested price increases.
The new tariff plan can be called Supremium. It will be the most expensive in the Spotify program. It is expected that subscribers will be able to listen to music of the highest quality and have limited access to audiobooks.
Spotify is in fierce competition with Apple Music and Amazon Music, which already offer similar features as part of their core subscriptions. The introduction of innovations is aimed at increasing revenue and maintaining the interest of investors, given the increase in the price of the company’s shares.
However, we note that in Sound (SberZvuk in the past), the Hi-Fi music listening function appeared in 2021.
Source: Ferra
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