Industry observers expect the US won’t be far behind the UK in this trendline industry streaming revenue figures for FY2022 in the States are yet to be announced. (To put it simply: The music industry is beginning to run out of new people to sell subscriptions to.) The primary reason for that slowdown, of course, is the maturation of the UK streaming market. But in 2022, that yearly growth figure was reduced to less than half: £78.8 million. In 2021, music subscription services generated £191.3 millionmore than they did in the prior year. There was also a bump in the price of the standard Amazon Music Family Plan in 2022, which rose from $14.99 monthly in the States to $15.99.)įor music rightsholders, such streaming price rises cannot come soon enough.Īs MBW pointed out in our latest Talking Trends podcast, annual growth in subscription music streaming revenues fell substantially in the UK last year. Amazon Music subscription prices for Prime members increased in May last year: In the US, Prime members who subscribed to an individual Amazon Music Unlimited account started paying $8.99 per month rather than $7.99 per month, or $89 rather than $79 per year. (The price rises mentioned here are for non-Amazon Prime members. Now Amazon Music has made a similar move: The company has confirmed to customers that, like Apple, it is raising its standard individual Amazon Music Unlimited monthly subscription price from $9.99 to $10.99 in the US, and from £9.99 to £10.99 in the UK.Īmazon Music is also upping its Amazon Music Unlimited Student Plan from $/£4.99 to $/£5.99 per month in each respective territory.Īdditionally, Amazon Music is increasing equivalent pricing in Germany and Japan. It also increased the price of its Family Plan in both territories.

In Q4 last year, Apple Music announced that it was upping its standard monthly subscription price from USD $9.99 to $10.99 in the US, and GBP £9.99 to £10.99 in the UK. The widespread music subscription streaming price rise that labels and music publishers have long called for is finally, properly underway.

Amazon music price