Spotify’s Basic plan returns to $11 a month by cutting audiobooks

Spotify has a new plan for US subscribers that keeps you on the old $11 monthly pricing — as long as you don’t mind ditching audiobooks. The new Basic tier includes the music and podcast content you get from Premium but without 15 hours of audiobook access, a recently added feature we suspect many subscribers don’t care about anyway. Spotify said earlier this month it would hike Premium prices to $12 per month, beginning in July. The Basic plan echoes one it rolled out in the UK last month. That one costs £11 per month compared to £12 for Premium with audiobook content. Some have suspected Spotify’s audiobook push has nefarious motives. Earlier this month, the National Music Publishers’ Association asked the Federal Trade Commission to investigate the move, going as far as calling the company’s audiobook integration “a scheme to increase profits by deceiving consumers and cheating the music royalty system.” The NMPA complaint claims Spotify will pay about $150 million less in music royalties over the next year because of its audiobook fusion. Spotify told Engadget it did nothing wrong and rejected the accusations. Spotify has been penny-pinching in other areas. It was reported last year that the company planned to overhaul its royalty model. One alleged part of that plan was to demonetize tracks earning less than five cents per month, pushing out some indie artists without established audiences.  Spotify also laid off around 9,000 employees late last year, citing “the gap... Continue reading at 'Engadget'

[ Engadget | 2024-06-21 18:36:40 UTC ]
News tagged with: #association asked #audiobook integration #increase profits #deceiving consumers #$150 million #audiobook fusion #royalty model #alleged part #indie artists #established audiences #audiobook-free tier #account page #picking basic #basic option #audiobook

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Monthly E-Ranking: The Girl on the Train scores 11th month at summit

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Amazon Prime flaunts a monthly price tag, now offers streaming and two day shipping for $7.99 per month

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