(Reuters) – Spotify is considering raising up to $ 5.99 a month on top of existing subscriptions for new music streaming service that will include higher quality audio, remixing equipment and access to concert tickets, Bloomberg News reported on Friday.
The company may introduce the “Music Pro” layer this year, the report says, noting that it did not name sources.
Spotify is still working through the details, and the prices of the new service would vary by geography, with the cost lower in less advanced markets, Bloomberg said.
Spotify's spokesman said by email that the company cannot confirm speculation about the details or possible feature set.
The new service, which would use artificial intelligence for some features, would allow subscribers to mix songs by different artists, the report says, adding that the company had held preliminary conversations with large champions and ticket vendors.
In the United States, Spotify's largest market by revenue, it raises $ 11.99 a month for its individual tier, which goes as high as $ 19.99 for the family plan that can house six members.
Spotify recently signed a multi-year bargains with Warner Music Group and Universal Music Group for music recording and publishing.
CEO Daniel Ek has said the company would have received personalized offerings, including a premium layer called “Superfans of Music.” The Swedish streaming giant predicted 678 million monthly active users for the first quarter, in line with estimates of 679.4 million.
(Reported by MRINMAY DEY in Bengaluru; Edited by William Mallard)