Spotify to raise premium subscription price in MENA, other select markets from September

LONDON: Spotify said on Monday it would increase monthly price of its premium individual subscription in select markets from September, including the Middle East, as the Swedish streaming giant looks to improve margins. The company’s shares jumped nearly 8 percent. They have gained about 40 percent so far this year. As well as the Middle East, the subscription price will rise to 11.99 euros ($13.86) per month from 10.99 euros in markets including South Asia, Africa, Europe, Latin America and the Asia-Pacific region.

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