Spotify Close to Launching HiFi Premium Subscription

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According to a recent report by Bloomberg, music streaming giant Spotify is getting closer to launching its HiFi premium subscription tier. The company had initially announced plans for this new tier earlier in 2021, and it seems that the launch is imminent.

The upcoming HiFi tier is expected to offer improved audio quality, which would be a welcome addition for audiophiles and music enthusiasts. The higher quality audio will come at a higher price point, and the report states that the new tier will first be launched outside of the United States.

“We want to do it in a way where it works for us from a cost perspective as…