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Spotify to Raise Premium Subscription Price in Select Markets from September

Spotify announced that it would increase the monthly price of its premium individual subscription in select markets from September. The subscription price will rise to 11.99 euros per month from 10.99 euros in markets including South Asia, the Middle East, Africa, Europe, Latin America, and the Asia-Pacific region. Subscribers will receive an email explaining the price increase. Shares of Spotify rose about 3-5% in premarket trading following the announcement.
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