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Apple Music Hikes Subscription Prices, Citing Rising Licensing Fees
Variety • • general
Key Points:
- Apple is increasing prices for its Apple Music subscription plans globally, including in the U.S., citing higher music licensing costs as the reason for the hike.
- In the U.S., the individual plan will rise from $10.99 to $11.99 per month, the family plan from $16.99 to $19.99 per month, and the student plan from $5.99 to $6.99 per month.
- Despite the price increase, Apple Music's subscription rates remain lower than Spotify's, which also raised its U.S. prices earlier this year.
- Apple Music, launched in 2015, offers over 100 million ad-free songs, offline downloads, exclusive content, curated playlists, and supports Spatial Audio and lossless audio quality.
