Spotify raises prices of premium subscription plans

Daniel Ek, founder and chief executive officer of Spotify, attends the Cannes Lions 2016 on June 22, 2016 in Cannes, France. Spotify announced on Monday it is increasing the cost of its premium subscription plans in the U.S., marking the Swedish music-streaming company's second price hike in a year. U.S. Spotify users will be notified about the new change to their subscription over the next month. Shares of Spotify were up more than 5% in premarket trading Monday. For users in the U.S., an "Individual" plan ...