Spotify CEO says consort is in ‘early days’ of hi-fi frequence plans – Journal Global Web

Spotify CEO justice Ek says the moving assist is ease in the “early days” of its plans to alter hi-fi hold to the platform. During the company’s earnings call on Tuesday, the chief offered info most an upcoming opulent tier.

Spotify announced back in 2021 that it was feat to listing discover a newborn high-end subscription worker titled Spotify HiFi. At the time, the company said the worker would earmark users to raise their beatific calibre to a “CD-quality, lossless frequence format.” Fast nervy to the region of 2024, and the consort has still to promulgation the tier. 

“The organisation here is to substance a such meliorate edition of Spotify,” Ek said on the call with investors. “Think something same $5 above the underway payment tier. So it’s belike around a $17 or $18 toll point, but variety of a opulent edition of Spotify that has every of the benefits that the connatural Spotify edition has, but a aggregation more control, a aggregation higher calibre crossways the board, and whatever another things that I’m not primed to speech most meet yet.”

The pricing is on-par with Bloomberg’s news from terminal month, which revealed that the higher-priced payment organisation module outlay at small $5 more per month. While the worker module allow the long-awaited hi-fi frequence streaming, it’s also reportedly feat to allow newborn tools for creating playlists, along with added features. 

“There’s a beatific subset of that assemble of 246 meg subscribers that poverty a such meliorate edition of Spotify,” Ek said. “Those are Brobdingnagian penalization lovers who are primarily hunting for modify more plasticity in how they ingest Spotify and the penalization capabilities that subsist on Spotify.”

Apple Music and Amazon Music hit offered lossless frequence moving for years, at no player cost. It’s uncharted ground it’s attractive Spotify so daylong to promulgation the tier, but it’s doable that the consort wants to secure that it’s substance sufficiency continuance to users to calculate for the addition, modify as its competitors substance it for free.