Spotify launches new basic streaming plan in US

Spotify (SPOT.N) introduced a new streaming plan for users in the United States on Friday, after raising prices for its premium plans earlier this month.

The new basic plan will start at $10.99 per month for eligible users. It will have the streaming benefits of a premium plan, but no monthly audiobook listening time.

Premium plans allow users to listen to offline ad-free music and 15 hours of audiobook listening time per month.