Spotify Eyes $1 Increase in Monthly Price of Its Ad-Free Service
Spotify Technology SA is planning a $1-a-month increase in the price of its premium subscription, the ad-free version of its music and podcast streaming service.
The timing of the increase — which would boost the price to about $11 a month — isn't definite, but could be announced as early as next week, said a person familiar with the company's thinking who asked not to be identified. A higher price would fit with Spotify's intention, initially reported by Bloomberg last month, to introduce a super-premium plan with high-fidelity audio.
The news, reported earlier Friday by the Wall Street Journal, sent Spotify up as much as 4.1% in intraday trading. The shares closed down less than 1% to $171.71.
The music streaming leader has been an outlier in holding the line on prices after rivals Amazon.com Inc. and Apple Inc. boosted theirs over the past year.
(Bloomberg) Neko Health, the medical diagnostics company co-founded by Spotify Technology SA Chief Executive Officer Daniel Ek, raised €60 million ($65.4 million) in venture capital to expand outside its home country of Sweden.
Bloomberg Business
(Bloomberg) -- Neko Health, the medical diagnostics company co-founded by Spotify Technology SA Chief Executive Officer Daniel Ek, raised €60 million ($65.4 million) in venture capital to expand outside its home country of Sweden.
Skype co-founder Niklas Zennstrom will join the company's board as a result of his investment vehicle, Atomico, participating in the round, as will Klaus Hommels, whose VC firm Lakestar led the early-stage investment. Palo Alto-based General Catalyst also participated. Neko Health didn't disclose a valuation.
“I've spent more than 10 years exploring the untapped potential of health-care innovation,” Ek said in a
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