The new plan will cost $10.99 per month, compared to its $11.99 per month standard premium plan.

BY ALEX WEPRIN - JUNE 21, 2024 8:56AM

Just weeks after raising the prices for its premium subscription offerings, Spotify is making another change and launching a less expensive tier.

The streaming music platform on Friday launched what it is calling a "Basic" premium plan, which will include all of the streaming music benefits, without any audiobooks. The new Basic plan will cost $10.99 per month, the same as the Spotify standard plan (which it calls "Premium Individual") used to cost.

Earlier this month Spotify raised the prices for all of its subscription plans, raising the price of Premium Individual plans to $11.99 per month, the duo plan rising by $2 per month to $16.99, and the family plan rising by $3 per month to $19.99. The student plan, which is offered at a discount to verified students, remained set at $5.99. One of the reasons the company gave for the hikes was the addition of new offerings, including audiobooks, which are a corporate prerogative.

But the new music-only tier suggests that Spotify is willing to play around with its offerings to maximize subscriber revenue. For example, it is also offering users of its ad-supported tier the option to add audiobooks for $9.99 per month.

That is a product that would appeal to avid audiobook listeners who don't particularly care about the music offering, in the same way that the new Basic plan appeals to music fans who don't care about audiobooks.

Spotify, like other streaming services, is trying to become a profitable, sustainable business, and new offerings in both content, subscriptions and advertising are seen as key to hitting that goal.

hollywoodreporter.com/business/business-news/spotify-cheaper-basic-music-plan-1235929219

Spotify still not profitable!

good decision. not like anyone is consuming audiobooks en masse like that let alone books period in 2024

they should phase it completely

why can i have a family plan without audio books for a cheaper family plan

edit: they added family basic too for $16.99

So you telling me I’ve been paying extra for audiobooks I don’t even use

Is there a way to remove audiobooks and podcasts from my Spotify page? Sometimes I have to scroll past that BS to get to my actual music

i would use quickbooks with ads if it was free

Nevermind theres family basic for $16.99

didnt even know spotify had audiobooks

I feel like providing proof of a library card should give you free access to at least a selection of audiobooks

Basic Premium Plan? bro f*** you lol

Niggas wanna squeeze everything from us “Affordable Broke Nigga Premium Plan But You Should Still Get The Premium F*** What You Giving Your Kids For Dinner Nigga”