It’s been almost 4 years since Spotify introduced a HiFi tier for its music streaming service that will assist lossless audio. That wait might finish this 12 months, Bloomberg stories, 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 according to estimates CEO Daniel Ek shared final 12 months. Spotify’s Premium tier at the moment begins at $11.99 monthly earlier than household or pupil reductions, the results of two value hikes in as a few years.
Opponents 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 will 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 an analogous 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 supply. Notable strategies included precedence entry to deluxe version content material and early music releases, in addition to unique listening celebration invitations and artist Q&A periods.
It’s taken a little bit longer than anticipated, but it surely seems just like the world’s largest music streaming service could lastly be prepared to show up the quantity on HiFi in 2025.