Reports from Bloomberg indicate that it will cost at least $5 in addition to the price of a Premium subscription.
It has been several years since Spotify originally disclosed its intention to launch a high-fidelity music streaming option; however, the company has not yet followed through with this plan. This may be the year when the company’s high-fidelity streaming service finally goes online, but it is quite likely that you will be required to pay an additional fee for the privilege.
According to Bloomberg, the introduction of high-fidelity streaming is anticipated to take place by the end of the year 2024. With this addition, subscribers will be required to pay an additional fee of at least $5 per month on top of their current plan. That is in addition to a rise in the price of Premium that will go into effect the following month. As a result, individual users who wish to listen to high-fidelity music on Spotify may be required to pay at least $17 per month, unless they are fortunate enough to be on the student plan, which costs only $6 per month. There is a lack of clarity around whether or not the HiFi add-on will be accessible to users on the free tier.
HiFi audio is already incorporated into Apple Music, which costs customers eleven dollars per month, and Amazon Music Unlimited, which costs eleven dollars per month for those who do not have Prime. While Tidal was only getting started with that service, which is currently similarly priced at $11 per month, it was a major selling point for the company. This places Spotify, which stated in 2021 that it will launch its HiFi plan in that year, in a position that is much behind its competitors in this regard.
Having said that, the so-called “Supremium” add-on is touted to contain additional capabilities, such as the ability to quickly create personalized playlists based on particular activities, dates, and times of the year. According to a report by Bloomberg, the technology that Spotify uses will ultimately be able to automatically construct playlists without requiring any input from users and would alter playlists based on how users behave.