
BundlingMusic + audiobooks
→Spotify added 15 hours a month of audiobooks to Premium in October 2023 and, in April 2024, classified its Premium plans as music-and-audiobook bundles, which lowers the mechanical royalty rate it pays in the United States. The National Music Publishers’ Association estimated the cut at $150 million a year. In June 2024 Spotify launched a Basic plan without audiobooks at $10.99, one dollar below Premium Individual at $11.99.