Spotify has increased the subscription prices of its premium plan in many parts of the world, with an individual plan going up by £1 in the UK. The price rise comes following Spotify chief Daniel Ek suggesting during an April earnings call that there could be an increase in subscription fee soon. The changes also come as other streaming platforms, including Netflix and Apple Music raised their subscription prices recently. “The market landscape has continued to evolve since we launched. So that we can keep innovating, we are changing our Premium prices across a number of markets around the world,” the audio steaming giant noted in a blog post on Monday. “These updates will help us continue to deliver value to fans and artists on our platform,” it said. In the US, the company said the premium plan for individuals would now cost $10.99 (£8.55) a month up from the charge of $9.99 (£7.77) it has levied since the platform’s launch in 2011. Along with the price rise for a single individual premium subscription plan, the cost of Duo is increasing from $12.99 (£10.11) to $14.99 (£11.6), and for the Family plan from $15.99 (£12.44) to $16.99 (£13.22), and the one for students from $4.99 (£3.88) to $5.99 (£4.66). “We will raise it and that price increase will go down well because we’re delivering a lot of value for our customers,” Mr Ek said, noting that the changes would happen “when the timing is right.” Spotify said users would be given a “one-month grace period” before the new prices take effect. Other countries where the new price regime will take effect include Australia, Belgium, Canada, Denmark, Spain, Finland and France, among several others. “Starting from today, existing subscribers in these markets will receive an email explaining what this means for their account,” the company said. “We occasionally update our prices as we continue to innovate and invest in giving you better listening experiences and more value than ever before.” Read More Sony has officially unveiled the new WF-1000XM5 wireless earbuds – here’s everything you need to know WWF capitalizes on death of Twitter bird logo to highlight real species facing extinction Watch the moment Twitter blue bird sign is taken down from San Francisco HQ

'Danny has proven to be an amazing friend, confidant, and, above all, an outstanding older brother figure to me,' Mila Kunis wrote

In a series of Tweets made in April 2023, Andrew Tate revealed how his mother was 'mean and hard'

Let your freak flag fly, man.

Susan Boyle shares she suffered a stroke that impacted her singing and speech

The story of Max Alexander is truly fascinating! At such a young age, he has a passion for fashion that is inspiring

'If You Would Have Told Me' includes revelations about John Stamos' childhood and reflections on his close bond with Bob Saget

'Meg Ryan and Tom Hanks are just such a jewel of a fit in that,' said Julia Roberts

Ed Sheeran's new album is written from the perspectives of his friends and himself and the ups and downs of their lives.

'90 Day Fiance' couple Gino Palazzolo and Jasmine Pineda have different opinions on their wedding though they got engaged in 2021

'It has nothing to do with me. In that world, I am dead. Six feet under,' said Russell Crowe

Duane “Keffe D” Davis is the last living suspect in one of hip-hop's most enduring mysteries — the 1996 death of rapper Tupac Shakur in Las Vegas