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Spotify says raising prices for premium subscriptions to $12.99/month

Spotify (SPOT) announced that it is updating prices for premium subscriptions. “Over the next month, Premium subscribers across the U.S., Estonia, and Latvia will receive an email explaining what this update means for their subscriptions. Occasional updates to pricing across our markets reflect the value that Spotify delivers, enabling us to continue offering the best possible experience and benefit artists.” Spotify said that the premium subscription price will increase to $12.99/month from $11.99/month starting on billing dates in February.

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