Spotify is considering introducing a new premium streaming tier, “Music Pro,” which could add up to USD5.99 (~RM26.60) per month to existing subscription costs.
According to Bloomberg, the company aims to launch the tier later this year, though pricing and timelines remain flexible as Spotify finalises details and secures rights from major music labels.
The report mentioned that the costs for Music Pro will vary by region, with lower prices in less-developed markets.
The new tier will allow subscribers to create mixes using songs from different artists, leveraging artificial intelligence for some features.
Additionally, Spotify is exploring ways to integrate concert ticket sales, such as providing fans with presale access or premium seating. The company is in talks with music promoters and ticket sellers, though these arrangements are not finalised, the report says.