6,362
edits
Spotify:Quarterly Results/2024 Q3: Difference between revisions
Spotify:Quarterly Results/2024 Q3 (view source)
Revision as of 19:07, 7 November 2024
, 7 November 2024→Developments during the quarter
| Line 143: | Line 143: | ||
== Developments during the quarter == | == Developments during the quarter == | ||
=== | === Audiobook launch in more European regions === | ||
* On June 2024, Spotify announced that it was increasing prices again in U.S. The individual plan will see an increase from $10.99 to $11.99 while the premium plan will increase from $16.99 to $19.99 per month. On the other hand, the Duo plan rose from $14.99 to $16.99. The student plan stayed unchanged at $5.99 per month<ref>https://newsroom.spotify.com/2024-06-03/adjusting-spotify-premium-prices-in-the-us/</ref>. | * On October 24, Spotify announced the launch of audiobooks in premium in France, Belgium, the Netherlands, and Luxembourg<ref>https://newsroom.spotify.com/2024-10-14/audiobooks-launch-france-belgium-netherlands-luxembourg/</ref>. | ||
* This comes one year after Spotify introduced audiobooks in premium in the U.S., Canada, U.K., Ireland, Australia, and New Zealand. | |||
* Audiobooks in premium is where Spotify offers free 200,000 audiobooks to premium subscribers<ref>https://newsroom.spotify.com/2023-10-03/audiobooks-included-in-spotify-premium/</ref>. | |||
=== YouTube Music increased prices in Europe and other regions outside U.S. === | |||
* At the end of September, Reddit users reported that they had received a notification from YouTube saying that prices will increase by up to 40% in Europe, Middle East, South America, and Southeast Asia, effective November 4<ref>https://www.musicbusinessworldwide.com/youtube-music-gets-more-expensive-as-users-in-16-countries-report-major-price-hikes-for-youtube-premium/</ref>. | |||
=== Spotify introduced basic plan tier === | |||
* On June 24 2024, Spotify introduced a basic plan tier in U.S. priced at $10.99. The tier doesn't not include audiobook listening time<ref>https://newsroom.spotify.com/2024-06-21/more-choice-for-us-subscribers/</ref>. | |||
* The basic plan tier came three months after Spotify launched an exclusive audiobook tier in U.S. priced at $9.99<ref>https://newsroom.spotify.com/2024-03-01/spotifys-new-audiobooks-access-tier-gives-booklovers-more-listening-options/</ref>. | |||
=== Spotify increased prices in U.S. === | |||
* On June 3 2024, Spotify announced that it was increasing prices again in U.S. The individual plan will see an increase from $10.99 to $11.99 while the premium plan will increase from $16.99 to $19.99 per month. On the other hand, the Duo plan rose from $14.99 to $16.99. The student plan stayed unchanged at $5.99 per month<ref>https://newsroom.spotify.com/2024-06-03/adjusting-spotify-premium-prices-in-the-us/</ref>. | |||
=== Legal action by MLC against Spotify for underpaying songwriters === | === Legal action by MLC against Spotify for underpaying songwriters === | ||