How they divvy up that money and how much of it actually goes to music artists is the pity. They will need to offer it at their current subscription price. When Spotify HiFi was announced earlier this year, Spotify said Premium subscribers in select markets would “be able to upgrade their sound quality to Spotify HiFi and listen to their favorite songs the way artists intended.” So expect Spotify to charge for Spotify HiFi when it eventually does launch, although we have no idea at what price point.
For artists who want to be paid for their streams, that’s probably best. While Spotify has focused heavily on podcast content, advertising, and general audio, Apple has focused on music. Estimates suggest Spotify’s podcast listening audience will outnumber Apple’s – so the focus of the two companies is vastly different.
That’s why Spotify has pivoted to podcasts – which offer unique content to draw in new users. A feature that was previously planned to be ‘premium’ now must be offered for free to remain competitive. The simple answer is that Apple has likely forced Spotify to adapt its business model. Why hasn’t Spotify announced the HiFi release date? But for those who want access to high-fidelity streaming music, Apple, Amazon, Deezer, and Tidal are the current best options. YouTube Music has yet to even utter the phrase ‘lossless audio,’ so there’s no competition there.
Stay tuned.If Spotify can’t offer CD-quality audio at no extra cost, then it can’t compete with Apple Music and Amazon Music. Spotify HiFi will begin rolling out later this year to Premium subscribers in select markets. Producers everywhere will agree, this option is a necessary evolution in streaming. New promo for Spotify HiFi features singer/songwriter Billie Eilish and record producer Finneas as they explain why HiFi (high-fidelity audio) is so important. Spotify HiFi will deliver music in CD-quality, lossless audio format to your device and Spotify Connect-enabled speakers, which means fans will be able to experience more depth and clarity while enjoying their favorite tracks. With Spotify HiFi, listeners will get the best possible result as their digital music library plays out exactly the way their favorite artists intended. Taking on competitors like Tidal and Amazon Music, go-to music streaming service Spotify will soon offer a lossless streaming tier. Audiophiles, put your hands up - Spotify HiFi is coming.
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