Music streaming service Spotify has increased the monthly subscription fees for its Premium plans available in Malaysia.
The price hike ranges from RM1 to RM3 across plans. New subscribers are subject to the pricing change immediately, while existing customers have until their next billing cycle before the new monthly fee takes effect.
The monthly fee for the individual Spotify Premium increased from RM15.90 to RM17.50 (up by RM1.60), Spotify Premium Duo from RM21.50 to RM24.50 (RM3), Spotify Family from RM24.90 to RM27.90 (RM3), and Spotify Premium Student from RM8.50 to RM9.50 (RM1).
Spotify last raised its prices in August 2023, with smaller hikes on plans ranging between RM1 and RM1.70.
This move comes after Spotify announced on Monday (Aug 4) that it would increase prices in select markets, including South Asia, the Middle East, Africa, Europe, Latin America and the Asia-Pacific region, while it aims to improve margins.
It also said that customers will receive an email about the pricing change over the next month.
