Spotify to introduce expensive plan later this year, Bloomberg News reports

Spotify will introduce a new expensive plan for its most ardent users later this year, Bloomberg News reported, on Tuesday, citing a person familiar with the plan.

The audio-streaming giant’s new plan, which will be an add-on for existing users, is likely to cost $5 more per month for access to better audio and fresh tools for creating playlists and managing song libraries, the report said.