Spotify HiFi Premium Streaming Service To Be Launched This Year

Music streaming service Spotify announced that it will be rolling out its premium subscription service Spotify HiFi later this year. The announcement was made by the company during its virtual event,”Stream On”. 

Spotify says that their new high-end service will offer music in “CD-quality, lossless audio format.” The livestream also included popular singer Billie Eilish and singer-songwriter Finneas explaining what high-quality video provides.

Spotify has not revealed the specific time of release or the increased subscription amount users will have to pay if they wish to upgrade. However, the service will only be available in select few countries. Spotify also said that it is working with some of the world’s biggest speaker manufacturers to make the service accessible to more users via Spotify connect.

Currently, Spotify’s monthly individual plan in India costs Rs 119 per month. Once launched, Spotify HiFi will be going up against the likes of Amazon Music HD and Tidal HiFi which offer streaming services at $19.99 per month and 14.99 per month (12.49 with Amazon Prime) respectively. It will be interesting to see the pricing set by Spotify to take on its competitors