Spotify lowers pricing of Premium for Family plan

MANILA, Philippines – Music streaming service Spotify is significantly lowering the price of its family subscription service while increasing the number of people who can be part of a single package.

In a blog post Monday, May 23, Spotify said its Premium for Family plan will allow users to create up to 6 individual Spotify Premium accounts for $14.99 or a region's local pricing.

In the Philippines, the local price is P194 monthly for up to 6 family members. Each family member will get his or her own premium account or can have a Spotify account upgraded accordingly.

The Next Web noted that the previous family plan offered price reductions over a $10 single user price for each additional family member added, for up to 5 people. While two people in a family would pay $15, 3 people would pay $20, and so on.

The news follows Spotify's announcement of deepening losses despite topping $2 billion in revenue. – Rappler.com