Spotify hikes price of memberships as company reaches profitability
CBSN
Spotify subscriptions will become a little more expensive next month as the audio streaming service plans to raise its membership prices for a second time in about two years.
Starting in July month, Spotify's individual plan will jump $1 to $11.99 a month and its Duo plan will increase $2 to $16.99 a month. The family plan will increase $3 to $19.99 while the student plan will remain $5.99 a month.
The increase will help it "continue to invest in and innovate on our product features and bring users the best experience," Spotify said in a statement Monday,
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