The Financial Times reported this development on Sunday, citing comments from Spotify’s Co-President and Chief Business Officer Alex Norstrom.
Spotify did not immediately respond to a Reuters request for comment regarding these reported changes.
The price will rise to 11.99 euros from 10.99 euros in markets including South Asia, the Middle East, Africa, Europe, Latin America and the Asia-Pacific region.
Recent price increases combined with cost-cutting measures helped Spotify achieve its first annual profit last year. – Reuters
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