Spotify is planning to launch a new "super fan" subscription add-on that offers higher quality audio streaming, AI remixing tools, and access to concert tickets.
The launch of this new service is expected later this year, under the name "Spotify Pro", although the exact pricing and release date are yet to be finalized.
Spotify is currently in discussions with music labels to secure licensing agreements for the higher quality audio streaming service.
Competitors like Amazon, Apple, and Tidal have already established their presence in the high-fidelity music streaming market, offering audio formats ranging from CD-quality to hi-res FLAC.