The next tier for Spotify's Premium subscription is not yet here but reports about the HiFi audio plans and how much would it cost users have already been revealed by its CEO, Daniel Ek. For those who are looking to opt for the HiFi audio plan in the future, it may cost them as much as $20 per month in this latest tier from the music streaming platform.
Should this be true for its future release of HiFi audio, it would be the most expensive starting price for a Spotify subscription, amidst its recent price hikes.
Spotify HiFi Audio Plans to be Around $20 Monthly says CEO
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Spotify's latest quarterly earnings report revealed its plans for the future Spotify HiFi tier, with Ekrevealing that it would cost users around $20 per month to receive the experience. It was regarded by the Spotify CEO that this is expected to be offered at around $17 or $18 monthly price point, $5 more than the latest Spotify Premium tier.
Not much more was revealed by Ek in this announcement, particularly as he regarded that more features are coming to this new tier that he still does not wish to discuss.
While there were no specifics from the Spotify CEO about these additional features, it was revealed that HiFi audio would only be one of the many offers of this new tier.
Spotify Deluxe, a.k.a. HiFi Audio Tier, is Coming Soon?
The expensive HiFi tier from Spotify would be the 'deluxe version' of the music streaming platform's subscription tiers, but it remains unknown what would the company call this. It is also worth mentioning that Ek revealed that Spotify's HiFi audio plans are still in their 'early days,' and this may suggest that it is far from being available to the public despite rivals already offering equivalent lossless audio.
Spotify's HiFi Plans and Subscription Prices
For the longest time, rumors and speculations behind Spotify's plans to launch a HiFi audio streaming experience for users have been circulating online since 2021. Initially, it was said to be delayed to 2022, but there was no news or releases yet regarding this streaming quality.
Last year, it was rumored that this HiFi or Lossless Audio offer from Spotify would be called the "Supremium," and it is a step further from its Premium streaming tier, according to its previous codename. This feature was supposedly meant for audiophiles and music aficionados who are particular with the quality of the music they stream.
It is widely known that Spotify's rivals in these kinds of offerings include the likes of Apple Music and Tidal who both offer Lossless Audio.
As early as 2022, there were rumors that Spotify's CD-quality streams would be available for a monthly subscription of $19.99, one of the most expensive individual tiers there is, but was referred to as 'Platinum.' Now, the latest from Spotify's CEO reconfirms this around $20 pricing for its HiFi audio offers, a tier, and experience that remains unknown when it would be launched.
