Feb 14 (Reuters) - Spotify ( SPOT ) is considering
charging up to $5.99 a month on top of existing subscriptions
for a new music streaming service that will include
higher-quality audio, remixing tools and access to concert
tickets, Bloomberg News reported on Friday.
The company might roll out the "Music Pro" tier this year,
the report said, citing sources it did not name.
Spotify ( SPOT ) is still working through the details, and prices for
the new service would vary by geography, with the cost lower in
less-developed markets, Bloomberg said.
A Spotify ( SPOT ) spokesperson said by email that the company cannot
confirm speculation around the potential details or feature set.
The new service, which would use artificial intelligence for
some features, would allow subscribers to mix together songs
from different artists, the report said, adding that the company
has held preliminary talks with major promoters and ticket
sellers.
In the United States, Spotify's ( SPOT ) largest market by revenue,
it charges $11.99 per month for its individual tier, which goes
as high as $19.99 for the family plan that can house six
members.
Spotify ( SPOT ) recently signed multi-year deals with Warner Music
Group ( WMG ) and Universal Music Group for recording
and publishing music.
CEO Daniel Ek has said the company would have personalized
offerings, including a premium tier called "superfans of music."
The Swedish streaming giant forecast 678 million monthly active
users for the first quarter, in line with estimates of 679.4
million.