Spotify Raises Subscription Prices for Second Time in a Year

The music streaming giant increases rates across its Premium plans to fund product innovation and maintain profitability.

Premium Individual plan rises to $11.99 per month, up $1.
Duo plan now costs $16.99 per month, a $2 increase.
Family plan jumps $3 to $19.99 per month.
Student plan remains unchanged at $5.99 per month.
Spotify cites need for continued investment in product features and user experience.