This doesn't just signify the first variation in Spotify's 2 staple offerings (free and Premium) but also sees the service going up directly against Jay Z's rival streamer - Tidal. This means that Spotify gained 20 million subscribers in a single year, and has is more than twice the audience size of Apple Music.
As pointed out by What Hi-Fi? in January, "market-leading Spotify and Apple Music, offer standard, lossy compression music streams, whether 256 kbps or 320 kbps, AAC, MP3 or Ogg Vorbis", while Deezer Elite and Qoboz opt for CD-quality lossless streams. But when users clicked on the link, they were brought to a page that says there was an error or that the service isn't available in that area. One thing is for sure that if this service is liked by the existing Spotify users then definitely this music app will attract more users who use different applications for this goal.
This new service is not actually a big surprise considering everyone can access lossless music quality through their Android and smartphone devices these days.
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While lossless audio may not be a priority for most consumers, audiophiles will certainly appreciate the new feature.
Find screenshots of what the new tier will offer below. In a statement to The Verge, a Spotify spokesperson said: "We are always testing new products and offers but have no news to share at this time". Keep an eye out on your Spotify app for potential prompts.
Would you be willing to pay extra to experience lossless-quality music? Feel free to sound off in the comments section below!