Spotify has announced an increase in the cost of its premium subscription in the UK. Subscribers will see a monthly fee rise from £11.99 to £12.99. This change represents an 8.3% increase in the subscription cost.
Subscription Price Update: Key Details
Spotify has already begun notifying its users via email. The price change will officially take effect soon, but subscribers will receive a one-month grace period before the new rate applies. This adjustment is part of a broader strategy to periodically update pricing based on market conditions.
Previous Increases and Current Context
This latest increase follows a prior price hike that also raised costs by £1, implemented in the spring of 2024. The company clarified that while prices are being adjusted, specific promotions, such as their student discount, remain unchanged at £5.99 per month.
- New individual subscription price: £12.99
- Previous individual subscription price: £11.99
- Percentage increase: 8.3%
- Student discount remains at: £5.99
- Current subscribers receive a one-month grace period
Spotify’s Market Position
Headquartered in Sweden, Spotify maintains a strong presence in the UK music streaming market. With approximately 15.3 million subscribers, it holds nearly 50% of the market share. This dominance underscores Spotify’s significant role in shaping the music subscription landscape in the UK.
Subscribers wishing to avoid the price increase have the option to cancel their subscription at any time prior to the next billing date. Spotify emphasizes its commitment to innovation and service value, suggesting that these price adjustments are necessary to maintain quality.
