Spotify set to increase prices for every subscription package

- Spotify is planning to increase prices for its subscription plans in the UK, Australia, and Pakistan before raising prices in the US later this year. - Individual plans will increase by $1 and family and duo plans by $2. - The price hikes will help cover the cost of audiobooks, a new service offered by Spotify. - Spotify will also introduce a new $11 monthly subscription tier for music and podcasts without audiobooks. - Other entertainment streaming services like Amazon and Netflix have also announced similar price increases recently.