Spotify initially announced it was working on a HiFi feature in 2021.
Both Apple Music and Amazon Music currently offer HiFi for free as part of their standard subscriptions plans.plans to shift its current model of selling audiobook titles individually to an expanded audiobook access model in the U.S., by shifting its current “premium” subscriber tier to offer either a specific number of titles or a specific number of free hours per month.
The announcement comes as Spotify works to increase revenue and stay competitive with Apple and Amazon’s music streaming options. Currently, Spotify is one dollar cheaper a month than its competitors, charging customers $9.99 for the Premium plan. Spotify also offers a free version of the app with ads. But since the music streaming platform has not raised its prices for U.S. subscribers, the company has resorted to other ways to save money and stay afloat during trying economic times.
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