The music and video streaming industry is experiencing a wave of price hikes as companies seek profitability. Spotify ($SPOT) is increasing its subscription prices for the second time in a year, amidst competition from giants like Apple ($AAPL) and Amazon ($AMZN). Meanwhile, Warner Bros. Discovery's streaming service, Max, has also announced a price increase, effective immediately, coinciding with the release of 'House of the Dragon' Season 2. Additionally, Amazon-owned Twitch is raising the price of its tier 1 subscription in the U.S. from $4.99 to $5.99. These changes reflect a broader trend of rising costs across streaming platforms, with users showing greater loyalty to audio services compared to video services.
Amazon $AMZN owned Twitch just announced it’s increasing the price of a tier 1 subscription in the 🇺🇸 up to $5.99 from $4.99 https://t.co/68BB0kmrrr
Another streaming service is raising its prices, effective immediately https://t.co/gOYbn3BuJR by @ChanceHMiller
Your HBO binges are about to get more expensive. The Warner Bros. Discovery streamer Max is hiking prices, effective immediately. https://t.co/ErLeeF52pV
The Max Price Increase Is Here, Just in Time for ‘House of the Dragon’ Season 2 https://t.co/Ni3VYIxTbT
Streaming platforms are continuing to raise their prices on music and video services — but there are ways to lower your prices. @christineromans reports. https://t.co/o5qrgAnCX9
$SPOT is hiking prices for the 2nd time in a year - but not all streamflation is the equal. Users are more loyal to audio services than video - plus $SPOT's main competitors are megacaps like $AAPL and $AMZN, which have giant other businesses. @dee_bosa reports https://t.co/CkRGH2MsRY
We're about to see a very different version of music streaming. Because it's time to get profitable. Here's 5 changes coming for streaming that will change how we consume & monetize music: (some are already here) 1. PRICE HIKES After 12 years of $9.99/mo, every streamer…