Spotify's premium plans will be going up from May 2024. From next month, paying customers will see their prices increase by between £1 and £2 per month, depending on their plan. The changes mean that customers will now pay 10% more on average to access Spotify's premium features.
This is the second time in less than 12 months that the popular streaming platform has put its prices up. In July 2023, Spotify increased the price of all of its premium plans by £1 per month, a £12 annual increase. This resulted in a 9% rise for those on the music platform's Individual plan.
The recent price hike has been met with backlash by some Premium subscribers who took to X (formerly Twitter) to voice their concerns. Some users criticised the platform for raising its prices again but not offering anything new to its subscribers. Others even wrote that they would now be cancelling Spotify.
Spotify released the following statement on its website following the price hikes: "As we continue to grow our platform, we are updating our Premium prices, so that we can keep innovating in changing market conditions. These updates will help us continue delivering value to fans."
How much will you pay for Spotify from May 2024?
The table below sums up how much you can expect to pay when the new rates kick in from May onwards. Prices will go up between £1 and £2 per month depending on your plan.
| Premium plan name | Price now | Price from May 2024 |
| Individual | £10.99 | £11.99 |
| Duo | £14.99 | £16.99 |
| Family | £17.99 | £19.99 |
If you're on an Individual plan, you will now pay an extra £12 per year for your Spotify subscription. If you're on a Duo or Family plan, you will now pay an extra £24 per year for your Spotify subscription.
Spotify offers a free version of its service for those who don't want to pay for its Premium plans. However, you will lose access to features including being able to download your music and being able to play songs in the order that you want. There will also be ads and the sound quality may be lower.
Should you keep your Spotify subscription?
Whether you should switch to an alternative provider or keep Spotify depends on what features you value. Some customers voicing concerns on X have said they are planning on cancelling their subscription and switching to competitors like Apple Music instead. Apple Music currently costs £10.99 per month for its Individual plan, while its Family plan is priced at £16.99, which is cheaper than Spotify's new prices.
One of the key differences between the two platforms, however, is that Spotify offers its customers 15 hours of audiobook listening time per month from their audiobook catalogue. This is not included as part of an Apple Music package. So while some providers may be cheaper, you may be getting fewer features that matter to you as a result.
Despite the price hikes in the last few months, Spotify has more than 600 million monthly active users and around 236 million of them are paying customers. The number of people paying for Spotify has grown by around 25 million since last year despite price increases. As such, the streaming platform remains a popular choice for many.
