In short: Spotify has been preparing a lossless audio format for most of half a century, but somehow the streaming music giant still doesn’t have a clear timeline for when a higher quality level will be available.
During its Stream On event last February, the company announced that Spotify HiFi would debut later this year and would offer CD-quality tunes as an option for Premium subscribers. There was no information on pricing and availability in the market, but it turned out that these details really didn’t matter as the service was never rolled out.
In response to community discussion on this issue, a Spotify moderator recently said They are excited to bring Spotify HiFi to Premium users in the future, but can’t share any timing details yet. The mod promised Spotify will share more information when the time is right.
It’s likely that Spotify is spending extra time rethinking its HiFi strategy. Apple Music offers spatial and lossless audio at no additional cost, and Amazon’s highest tier is available to Amazon Music Unlimited subscribers at no additional cost. Spotify may be trying to decide whether it should charge extra for HiFi or include it in its existing Premium package.
The Swedish streaming provider, in its latest quarterly report for October, reported that the total number of active users per month is now 381 million, of which 172 million are paid subscribers. Results for fourth quarter they are expected to be published after the market close on February 2, 2022.
Image Credit: Alexander Shatov