Spotify is planning a more expensive subscription for music nerds

• Spotify is launching an extra-premium subscription for better audio and playlist tools.
• The new tier will cost users at least $5 more monthly, with pricing varying by base plan.
• Spotify faces competition from Amazon Music, Apple Music, and Tidal.

Spotify is planning to launch a more expensive premium subscription later this year for users who want extra-good sound quality, a person familiar with the plan told Bloomberg.

Users will be charged at least $5 more every month for a plan that allows better audio and new playlist organization tools.