Spotify (SPOT) announced that over the next month, its Premium subscribers in multiple markets across South Asia, the Middle East, Africa, Europe, Latin America, and the Asia-Pacific region will see higher prices. Beginning in September, the monthly price will increase from EUR 10.99 to EUR 11.99. “We’re increasing the price target Premium Individual so that we can continue to innovate on our product offerings and features, and bring you the best experience,” Spotify wrote in an email to subscribers. Shares of Spotify are up 4% to $654.50 in premarket trading.
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