Last week, Spotify announced that during the first quarter of this year, the number of its paid subscribers rose 21% to 158 million. During that quarter, Spotify HiFi was unveiled which will give subscribers the option to listen to lossless streaming music in select markets later this year. Spotify says that the feature will allow subscribers to “listen to their favorite songs the way artists intended,” and that this is “consistently one of the most requested new features.”
Apple Music is rumored to be close to offering a lossless HIFI tier of streaming music for an extra $9.99 monthly
Besides Spotify, whose high-quality stream will be available later this year, Amazon Music HD offers a higher-quality stream at 320kbps for $14.99 a month ($12.99 for Prime members), $5 more a month than its standard plan. Tidal has a lossless service priced at $19.99 monthly that streams at 1,411 Kbps.