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Spotify Offers Ad-Free Music-Only Subscription
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Spotify Offers Ad-Free Music-Only Subscription
Jun 21, 2024 1:05 PM

03:55 PM EDT, 06/21/2024 (MT Newswires) -- Spotify ( SPOT ) is separating its audiobook and music offerings to let subscribers save money and possibly defuse some recent criticism.

The audio streaming company on Friday introduced its new basic subscription for $10.99 monthly charge for eligible users for ad-free music-only content. The move follows the company's "premium" plan combining ad-free music with up to 15 hours per month of audiobooks for $11.99 per month.

The National Music Publishers' Association filed a complaint on June 12 with Federal Trade Commission accusing Spotify ( SPOT ) of "unfair and deceptive" conduct by forcing users into the higher cost bundled subscription plans that are difficult to cancel.

Spotify ( SPOT ) rejected the accusations, asserting its expanded subscription plans provide "incredible value" and that it gives subscribers at least one month's notice of any price changes and allows for "easy cancellations."

Price: 317.96, Change: +4.07, Percent Change: +1.30

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