It’s been practically 4 years since Spotify introduced a HiFi tier for its music streaming service that might assist lossless audio. That wait might finish this yr, Bloomberg reviews, as the corporate works to finalize particulars, together with streaming rights.
Spotify might cost as a lot as $5 or $6 additional monthly for the brand new tier — stated to be named “Music Professional” — which is in keeping with estimates CEO Daniel Ek shared final yr. Spotify’s Premium tier presently begins at $11.99 monthly earlier than household or pupil reductions, the results of two value hikes in as a few years.
Rivals like Apple Music embrace 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 might provide. Notable strategies 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 a little bit longer than anticipated, however it seems just like the world’s greatest music streaming service might lastly be prepared to show up the amount on HiFi in 2025.
