Millions of Spotify Premium subscribers are set to see their montly invoice growing.

The streaming big introduced its worth plans can be growing for the primary time since 2011. It at the moment has round 200 million folks signed as much as the ad-free service.

In the US, the fee will enhance from $9.99 to $10.99 (£8.57) for these with a person plan. Similar will increase will happen throughout the UK, with an Individual plan now costing £10.99 a month.

A Duo plan will now price customers £14.99 with a Family plan setting clients again £17.99 a month. Each plan has elevated by £1.

The worth rise comes as different streaming companies have additionally introduced hikes over the previous yr.

In a weblog submit, Spotify wrote: "With 200+ million Premium subscribers, we’re also proud to be the world’s most popular audio streaming subscription service, giving Premium users access to on-demand and ad-free music listening, offline music downloads, and quality music streaming.

"The market panorama has continued to evolve since we launched. So that we are able to preserve innovating, we're altering our Premium costs throughout a lot of markets all over the world.

"These updates will help us continue to deliver value to fans and artists on our platform."

Spotify mentioned customers "will be given a one-month grace period before the new price becomes effective, unless they cancel before the grace period ends".

In 2021, the corporate hiked the US worth of its Family plans in addition to the UK Duo, Student, and Family. Although on the time, Individual plans have been unaffected.

The new Spotify Premium price matches the month-to-month plans of rivals Apple Music and Amazon Music.

In an April earnings name, Swedish CEO Daniel Ek mentioned the corporate would "like to raise prices in 2023," reports the BBC.

"When the timing is right, we will raise it and that price increase will go down well because we're delivering a lot of value for our customers," Mr Ek mentioned.