Spotify plans new premium tier, expected to include HiFi audio

The Spotify ‘Supremium’ tier will reportedly launch in non-US markets later this year

To augment its current “Premium” tier, Spotify will give subscribers expanded access to audiobooks, either through a specific number of hours free per month or a specific number of titles.

Spotify is planning a more expensive subscription option that’s expected to include high-fidelity audio in an effort to drive more revenue and placate investors who’ve been saying the company should raise its prices.

Dubbed “Supremium” internally, according to people familiar with the strategy, the new tier will be Spotify’s most expensive plan and likely offer a HiFi feature the company first announced it was working on in 2021.