Spotify has confirmed that it is hiking its prices for Irish users, months after cutting its global workforce by about 6%.
Spotify is hiking its prices for Irish users as the company aims to boost income after it was forced to lay off hundreds of workers earlier this year.
The company is increasing the price of its Spotify Premium Single subscription from €9.99 to €10.99 per month.The company’s Family and Student prices will remain unchanged at €17.99 and €5.99 respectively.The increases are being rolled out in a total of 53 countries around the world – including the US, UK and various European countries.Existing customers will pay the increased prices from August onwards.
“It probably doesn’t help that Spotify is spending €18m or €19m on, let’s call them failed podcasts for Harry and Meghan – the Sussex’s,” he said.“Everybody else has pretty much raised their prices as well – Apple Music did, Amazon Music did, Tidal has,” he said.“The mobile phone services too - you know Vodafone, Three, Eir - they’re all now going up, sometimes by as much as 5% or 6% a year; they’re all going up.
Mr Weckler said streaming is a “massively competitive” space – with TikTok recently announcing plans to add music streaming to its services. Despite this, he said Apple Music and Spotify remain the two big ones – adding, “I wouldn’t bet against Spotify in the short term”.
España Últimas Noticias, España Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Urban Aran: The Irish brand creating sophisticated, dynamic but considered knitwearUrban Aran is a contemporary Irish knitwear brand inspired by street art, colour and the rich heritage of Irish knitting.
Leer más »
Irish citizens advised to 'stay away' from areas affected by Rhodes wildfires as 30,000 people evacuatedThe Department of Foreign Affairs has advised Irish citizens in Rhodes to 'stay away' from areas affected by wildfires burning out of control on the island, which have sparked the biggest ever fire evacuation in Greece.
Leer más »
Irish mum opens up about 'superhero' son Grayson born with rare conditionAt four months old, Grayson was diagnosed with a very rare condition known as Tuberous Sclerosis Complex, which means that benign tumours form on all of the major organs
Leer más »
Rhodes wildfires prompt 'biggest ever fire evacuation' in Greece as 30,000 moved to safetyHigh winds forecast for today are expected to hamper firefighters' battle to contain a blaze burning out of control on the Greek island of Rhodes, sparking the biggest ever fire evacuation in Greece.
Leer más »
John Walsh: Irish savers are the big losers as banking market contraction continuesThe fallout from the contraction of the Irish banking market is ongoing, but what can be said for certain at this stage is that Irish savers are among the biggest losers, writes JohnWalsh09
Leer más »
Excitement as NFL star Tom Brady family visit tiny village to trace Irish rootsTom Brady's parents Tom Senior & Galynn alongside his sisters Julie and Nancy and their Grandchildren came to the village to view their ancestral home.
Leer más »