Spotify to hike US premium plans by $1 a month

Streaming giant had held off on increasing prices even as other companies like Apple and Amazon had made move

Spotify is by far the largest music streaming service by subscriptions globally. Picture: Reuters

Spotify is planning to implement a $1 a month increase in the price of its premium subscription, the ad-free version of its music and podcast service, in the US.

The timing of the increase – which would boost the price to about $11 a month – isn’t definite, but could be announced as early as next week, a person familiar with the company’s thinking, who asked not to be identified, told Bloomberg.

A higher price ...