Spotify Raises Premium Subscription Price For Millions

Spotify is raising prices for its 200 million ad-free subscribers for the first time in over a decade, the platform has announced.

In the US, the cost will increase from $9.99 to $10.99 (£8.57) for those with an individual plan.

Similar price hikes also apply to the UK, Canada, Australia and 49 other territories.

The move follows other streaming services which have also increased subscription costs.

"So that we can keep innovating, we are changing our Premium prices across a number of markets around the world," the music streaming service said on Monday.

"These updates will help us continue to deliver value to fans and artists on our platform."

In the US, the Premium Duo plan will increase from $12.99 to $14.99, the Family plan will increase from $15.99 to $16.99, and the Student plan will increase from $4.99 to $5.99.