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Spotify<\/a> is introducing a new \u201cBasic\u201d streaming plan in the United States, the company announced<\/a> on Friday. The new plan costs $10.99 per month and includes all of the benefits of a Premium plan but without the monthly audiobook listening time.<\/p>\n The launch of the new streaming plans comes a few weeks after Spotify increased the price of its Premium plan from $10.99 to $11.99. Bloomberg reported<\/a> at the time that the higher prices would help the streaming service cover the cost of audiobooks.<\/p>\n With the new Basic plan, users can go back to the $10.99 pricing but only receive access to music and podcasts. The new plan could be a good option for users who don\u2019t use the monthly 15 hours of audiobook listening that comes with the Premium plan.<\/p>\n The plan could also be the first of several new tiers from Spotify, as the streaming giant has been said to be developing a \u201cSupremium\u201d plan that would include high-fidelity audio. The plan will reportedly cost at least $5 more per month, according to Bloomberg.<\/a><\/p>\n In April, Spotify reported<\/a>\u00a0a 20% increase in revenue, a 14% increase in premium subscribers, and a\u00a0record quarterly profit<\/a>. Spotify is expected to release its Q2 2024 earnings on July 24.<\/p>\n<\/div>\n