Spotify is increasing its subscription prices for Canadian users before year-end. The ad-free individual account will jump by $1.70 to $12.69, while family accounts will rise by $4 to $20.99. Student and duo packages will also see price hikes, with student plans rising by 40 cents to $6.39 and duo accounts increasing by $2.90 to $17.89.
Spotify cited service innovation and macroeconomic factors as reasons for the increase. The company has also challenged new Canadian regulations requiring large streaming platforms to contribute to Canadian content, which some argue could further drive up prices.
Want to know more? Check out the source code on The Canadian Press.