Spotify to raise US prices in first quarter of next year
Increase will come as music-streaming company aims for continued profitability
Increase will come as music-streaming company aims for continued profitability

Price increases and cost-cutting led to streamer’s first annual profit last year

Market is watching closely for subscribers’ response to increased charges

Biggest music streaming site adds record 38mn users in December quarter

Streaming group swings to net loss in second quarter, sending shares down 11%

The business of selling music has always been a source of grievance for those who create it

Move is significant step forward in driving overseas revenue for the UK’s public service broadcaster