Spotify is reportedly planning to include lossless audio streaming in a new, more expensive subscription tier according to Bloomberg. The lossless streaming feature was first announced in February 2021 as “Spotify HiFi,” but is still yet to release over two years later. Bloomberg reports that the new more expensive plan could release later this year, initially in non-US markets.
The new tier, called “Supremium” internally, will be the company’s most expensive plan and will launch this year in non-US markets first, according to the report.
To bolster its current premium tier, Spotify will give subscribers expanded access to audiobooks, either through a specific number of hours free per month or a specific number of titles.
The company plans to introduce that feature in the United States in October, after first launching in markets abroad.
In October last year a Spotify survey suggested it was considering charging $19.99 for the feature as part of a “Platinum” plan. The same survey also hinted that the company could include audiobook access as part of a future plan.
Meanwhile, a single subscription to Spotify’s current premium tier has been priced at $9.99 in the US since its original launch in the country.
