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Spotify has plans to launch a Hi-Fi music tier

Spotify has plans to launch a Hi-Fi music tier

The company is testing its pricing strategy on a small group of Android users

Multiple sources have confirmed that Spotify is preparing to launch a lossless audio version of its streaming service. The offering, currently being deemed Spotify Hi-Fi, will offer “lossless CD-quality audio” to users. Although a Spotify spokesperson denies any new news, the evidence over social media provide a pretty strong indication that a wider launch may not be far off.

Spotify began offering the Hi-Fi service for $5 to $10 above the $10/month Spotify Premium price. But a few Reddit users (who got the prompt and tried to sign up for the Hi-Fi service) were either told it wasn’t available in their area at the time or they received a sudden error message.

While the offerings look to be an A/B test for its pricing strategy, Spotify’s move to lossless audio quality isn’t totally unexpected. The streaming service would be smart to re-evaluate the hefty price hike, if the rumors of a $5-10 increase are true, especially considering Soundcloud’s recent roll out of a new, cheaper Go/Go+ subscription plan. Still, it’s understandable why Spotify would want the additional revenue in order to finally push the company into profitability.

H/T The Verge

Ryan Castillo

Ryan Castillo

Basshead living the Lo life. Genres are like rules, made to be omnitempo maximalized.

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