New York CNN —Spotify is increasing its prices again, less than a year after it last hiked prices for most of its subscription plans.
The latest price hike comes as streaming media companies face rapidly increasing costs of doing business – and customers continued to sour over rising prices of goods as inflation remains stubbornly high.
The monthly cost of Duo, a plan that lets two people split a premium plan, is rising by $2, to $16.99.
The family plan is increasing prices by $3 to $19.99 per month.
Spotify recently increased subscription prices for international subscribers, cut costs and underwent several rounds of layoffs including drastic reductions to its podcast business.
Organizations:
New, New York CNN, Spotify, Paramount, Warner Bros, Netflix
Locations:
New York