Spotify to Launch Pricier Subscription Option With High-Fidelity Audio Later This Year

Spotify will launch a more expensive subscription option called "Supremium" that includes high-fidelity audio later this year.
The new plan will first launch in non-U.S. markets and possibly come to the U.S. in October.
The "Supremium" plan may cost more than Spotify's current $9.99 per month premium subscription.
The new plan will include access to audiobooks in addition to lossless music streaming.
Spotify hopes the new plan will increase revenue and help the company stay competitive with rivals like Apple Music and Amazon Music.