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FinanceApple Music hikes subscription prices, citing rising licensing costs
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Apple has increased subscription prices for Apple Music and Apple One bundles, citing rising licensing costs from music labels. The price hike affects individual, student, and family plans in several countries. Apple Music individual plans rise from $9.99 to $10.99 per month in the US, while family plans increase from $14.99 to $16.99. The move follows similar price increases by competitors like Spotify and Amazon Music, reflecting broader industry trends of higher royalty payments to rights holders. Apple also raised prices for some iCloud+ storage tiers. The changes take effect immediately for new subscribers and will roll out to existing users in the coming weeks.
Source report
Apple has announced a price increase for its Apple Music and Apple One subscription bundles, citing higher licensing fees as the primary driver.
Key Details
- Apple Music subscription prices are being raised across multiple plans.
- Apple One bundles, which combine multiple Apple services, will also see price hikes.
- The company attributes the increases to "rising licensing costs" in the music industry.
Coverage Highlights
- Variety reports the move is tied to increased licensing fees.
- Deadline notes the price adjustments affect both Apple Music and Apple One.
- Music Business Worldwide confirms the company's explanation of "rising licensing costs."
- The Verge states simply that "Apple Music is getting a price hike."
- Seeking Alpha adds that the increases extend to other services, including iCloud+ plans.
Impact
The price adjustments reflect broader industry trends, as streaming services continue to face higher costs for music rights and content licensing.
Source
Top stories - Google NewsWestern
Part of this Story
Apple Music Hikes Subscription Prices, Citing Rising Licensing Fees