India, Feb. 18 -- Spotify is planning to launch a new subscription option called Music Pro by the end of 2023 for an extra price. Listeners are stoked for the hi-fi stream that promises tech-y remixing features powered by AI and concert ticketing for $5.99 extra.

Music Pro will be for music lovers who are willing to pay extra for something that's worth it, while Spotify is always looking for new revenue streams. The pricing and features have gone through the wringer of consultation amidst all this speculation. If it works, this could be the key to getting customers to pay for features others, like Apple Music, give away for free.

In 2021 Spotify announced they would launch lossless CD-quality streaming in a future Hi-Fi tier. That was a...