TECH - What's Going On With Spotify Stock On Tuesday? | Benzinga
Spotify Technology SA (NYSE:SPOT) will introduce a higher-priced premium plan later this year, charging users at least $5 more monthly for better audio and new playlist tools.
Spotify's stock is trading higher on Tuesday.
The plan will be an add-on for existing customers, generating additional revenue for the company, Bloomberg reports.
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The new tier, dubbed "Supremium," will vary in price based on the user's base plan but will average a 40% markup, Bloomberg notes.
Among the benefits for upgraded subscribers is access ...