RUMOR MILL
Monday, June 3, 2024
SPOTIFY PLANS ANOTHER PRICE INCREASE
Spotify has announced that, starting in July, another price increase will affect subscribers in the U.S. The news follows a boost to $10.99 for individual premium subscribers in July 2023, the first increase since the DSP launched in 2011 at the subscription price of $9.99.
Starting next month individual premium subscribers will pay $11.99 in the U.S. Duo plans will go from $14.99 to $16.99, while the family plan faces the biggest increase, from $16.99 to $19.99. The student plan will remain at $5.99.
Music stocks including WMG and UMG received boosts in trading as a result of the announcement, with Spotify stock increasing as much as 4% on Monday (6/3). The streamer's stock has doubled since June 2023.
CALL MY AGENT:
JOHN MARX His first concert was Buffalo Springfield at the Indio Date Fair. (9/17a)
 HITS' FIRST LIVE ISSUE TAKES THE STAGE THIS FALLWe're manning the merch table. (9/13a)
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THE GRAMMY SHORT LIST
Who's already a lock?
COUNTRY'S NEWEST DISRUPTOR
Three chords and some truth you may not be ready for.
AI IS ALREADY EATING YOUR LUNCH
The kids can tell the difference... for now.
ALL THE WAY LIVE
The players, the tours, the enormous beers.
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