Spotify has raised its Premium subscription prices in France for the second time in 13 months, marking the second price adjustment in the country within 13 months. Individual Premium prices in France rose 9.2% to €12.14 ($13.81 at the current exchange rate), from €11.12 ($12.65). This follows a price increase in Belgium in April, where individual plans rose 9% to €11.99 ($13.70) per month from €10.99 ($12.55). In the Netherlands and Luxembourg, an individual subscription now costs €12.99 ($14.84), up 18% from €10.99. The price hikes in France follow a report by the Financial Times in April about Spotify’s plans to implement price hikes equivalent to about €1 ($1.14) on monthly individual subscriptions throughout Europe and Latin America as early as June.
Music executives have long pushed for streaming platforms to raise their prices, arguing that subscription costs have failed to keep pace with inflation while offering cheaper rates compared to video streaming services like Netflix or Disney+. Netflix’s latest price increase in the US further widened the price gap between the video streaming giant and Spotify. In Europe, the price of a Spotify subscription still varies, with German, Spanish, and Italian subscribers continuing to pay €10.99, while Portuguese users pay €7.99 ($9.13). Nordic markets show mixed subscription prices, with Swedish subscribers paying 119 kronor ($12.37) and Norwegians charged 129 kroner ($12.70), while Denmark subscribers pay more at 109 kroner ($16.62). Spotify CEO Daniel Ek described price increases as “another leg to the stool” in growing the company’s revenue.
