It’s been practically 4 years since Spotify introduced a HiFi tier for its music streaming service that might assist lossless audio. That wait may finish this 12 months, Bloomberg reviews, as the corporate works to finalize particulars, together with streaming rights.
Spotify may cost as a lot as $5 or $6 additional monthly for the brand new tier — mentioned to be named “Music Professional” — which is according to estimates CEO Daniel Ek shared final 12 months. Spotify’s Premium tier at present begins at $11.99 monthly earlier than household or scholar reductions, the results of two value hikes in as a few years.
Opponents like Apple Music embody lossless streaming of their providers’ base value, however Spotify reportedly plans to justify the additional cost by together with extra options in Music Professional, together with track remixing and live performance ticket gross sales that might grant subscribers unique offers and early entry.
Earlier this month, Spotify signed a brand new multi-year licensing settlement with Warner Music Group to safe future streaming rights and assist “form the way forward for audio-visual streaming,” with HiFi presumably included in that imaginative and prescient. It inked the same cope with Common Music Group in late January, with UMG particularly teasing HiFi streaming and providing additional concepts of what a “superfan” music service may supply. Notable solutions included precedence entry to deluxe version content material and early music releases, in addition to unique listening social gathering invitations and artist Q&A periods.
It’s taken just a little longer than anticipated, but it surely appears just like the world’s greatest music streaming service might lastly be prepared to show up the amount on HiFi in 2025.
