Spotify is preparing a revamp of its plans and prices, according to a new report from Bloomberg. This will include price hikes in a few major markets, and there will also be a new plan that doesn’t include audiobooks.

The prices will go up by about $1 per month for individual plans to $2 per month for the family plans and duo plans in the UK, Australia, Pakistan, and two other unnamed markets, the report says. In the US, its largest market, a price hike is coming “later this year”, according to “people familiar with the matter”.

The higher pricing will allegedly help cover the cost…

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