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.
