Spotify weighs $5.99 premium for added features, ticket access, Bloomberg News reports
1. Spotify plans a new service for $5.99/month with premium features. 2. Includes higher audio quality, remix tools, and concert ticket access.
FAQ
Why Bullish?
This initiative may boost subscriber numbers, similar to Apple Music's growth seen with enhanced offerings.
How important is it?
The introduction of a premium service could significantly enhance revenue, impacting investor perceptions.
Why Short Term?
Initial subscriber reactions can impact SPOT price quickly, reflecting recent trends in subscription pricing strategies.