After years of speculation, Spotify is finally set to launch its long-rumored premium tier, Spotify Music Pro, later this year.
According to a new Bloomberg report, the upgraded plan will cost $6 more than the current Spotify Premium subscription and offer several new features aimed at enhancing the user experience.
High-Quality Audio and Exclusive Features
Spotify Music Pro will introduce long-awaited high-fidelity audio, bringing better sound quality for audiophiles. However, improved audio isn’t the only perk. The new subscription tier will also offer early access to concert tickets and unique DJ-like tools. These tools will allow users to remix songs, adjust playback speed, and create mashups, giving them more control over their music experience.
Gradual Feature Expansion
While the initial rollout of Spotify Music Pro will include a basic set of features, more enhancements will be introduced over time. This phased approach ensures continuous improvements and added value for subscribers.
Licensing Agreements and Industry Impact
Spotify has already secured licensing agreements for Music Pro with major record labels Universal Music Group and Warner Music Group. However, Sony Music has not yet signed on. Industry executives are reportedly eager for this new tier to succeed, as it could push competitors like Amazon Music and Apple Music to follow suit, ultimately increasing revenue for record labels.
Some unnamed industry executives even believe that Spotify’s subscription prices should align with those of Netflix, suggesting a potential price hike to around $20 per month in the future.
The Future of Music Streaming
Spotify’s move to introduce Music Pro reflects a broader trend in the streaming industry, where companies are looking to offer more premium services to boost revenue. With added features like high-quality audio and interactive song editing, Spotify is positioning itself as a leader in the next phase of music streaming.
As the launch date approaches, more details about the new subscription plan are expected to emerge. Music lovers and audiophiles alike will be watching closely to see if Spotify Music Pro lives up to expectations.