Spotify hikes prices for premium plans in US

Spotify Technology, the leading music streaming company, said it would be raising the prices for its premium plans by $1 each in the United States.
SpotifyThe cost of Spotify’s ad-free premium plans would now all be priced at an additional $1 with the premium single at $10.99, duo $14.99, family $16.99 and the student costing $5.99.

Spotify, which competes with rival services from Apple and, has been under pressure to focus on profitability over user growth as recession-wary customers cut down on unnecessary spending.