Spotify Hi-Fi Launch Postponed
Spotify has announced a delay in the release of its previously promised Hi-Fi tier, which would have offered lossless audio streaming. The company originally announced plans for the Hi-Fi tier in February 2021.
According to a statement released on Monday, Spotify is now prioritizing investments in its podcasting and advertising segments. The Hi-Fi tier is no longer expected to launch in 2023.
“While we had planned to launch Hi-Fi this year, we’ve decided to focus our development resources on other areas,” a Spotify spokesperson said. “We’ll share more details when we have them.”
The postponement follows a period of significant investment in podcasting, including exclusive deals with creators like Joe Rogan. Spotify Pays a Record $11 Billion+ to the Music Industry in 2025. Spotify has also been expanding its advertising capabilities, aiming to increase revenue from personalized ad experiences.
The company reported 551 million monthly active users as of September 30, 2023, and 226 million premium subscribers. Spotify to Raise US Subscription Prices Again Across All Plans. Spotify’s 2026 Roadmap: New Tools, More Pay, and Bigger Opportunities for Artists.
