Monday , March 1 2021

Spotify announces high-definition subscription for “CD quality music” – ICT News



Spotify streaming service will launch a new subscription plan “later this year” for higher-resolution audio. According to the company, Spotify HiFi, as the new formula is called, will offer CD quality music.

The news was announced Monday night at an online press event hosted by the streaming service. The exact start date, the markets in which Spotify HiFi will be available and the price of the HiFi subscription have not yet been revealed. Nor is it clear what sound quality the formula will offer exactly.

Comparative

It is currently possible to stream up to 320 kbps on Spotify. This is comparable to the quality of a solid MP3, but the quality of the CD (16-bit and 44.1 kHz) is significantly higher than 1.411 kbps. And if you want even more, high-resolution audio (24-bit, 192 kHz) is for you.

The French transmission and download service Qobuz promises its high-resolution formula up to 9,216 kbps in bit rate (binary speed). Its competitor Tidal reaches 3,000 kbps and Amazon Music up to 3,730 kpbs (although the Ultra HD formula is not yet available with us). Spotify HiFi is expected to join the fight with at least 1,411 kbps.

Eighty more countries

At the same press event, Spotify also announced that it wanted to expand to eighty additional countries in Asia, Africa and the Caribbean. The service will be available there in the coming days, which corresponds to a potential new audience of one billion people.

Today, Spotify covers 93 countries. The transmission service has about 345 million users, but of these, less than a fifth are in Asia, Africa and the Middle East.

Spotify continues to pocket the most money with its subscriptions at the moment, but the service aims to increase its second source of revenue with advertising. For podcasts more specifically, Spotify wants to offer that possibility. Therefore, the Swedish company will present its own advertising network for podcasts. Investors are excited about Spotify’s plans in the podcast market. They expect the company to make a profit there, as the music distribution market remains negative.

In 2020, Spotify withdrew more than $ 5 billion from artists who offered their music through the platform.

The news was announced Monday night at an online press event hosted by the streaming service. The exact start date, the markets in which Spotify HiFi will be available and the price of the HiFi subscription have not yet been revealed. Nor is it clear what sound quality the formula will offer exactly. It can currently be streamed up to 320 kbps on Spotify. This is comparable to the quality of a solid MP3, but the quality of the CD (16-bit and 44.1 kHz) is significantly higher than 1.411 kbps. And if you want even more, it’s high-resolution audio (24-bit, 192 kHz). The French download and transmission service Qobuz promises its high-resolution formula of up to 9,216 kbps in bit rate (bit rate). Its competitor Tidal reaches 3,000 kbps and Amazon Music up to 3,730 kpbs (although the Ultra HD formula is not yet available with us). Spotify HiFi is expected to join the fight with a minimum of 1,411 kbps. At the same press event, Spotify also announced plans to expand to eighty additional countries in Asia, Africa and the Caribbean. The service will be available there in the coming days, which will translate into a potential new audience of one billion people. Today Spotify covers 93 countries. The streaming service has about 345 million users, but less than a fifth is in Asia, Africa and the Middle East, so far Potify continues to make more money with its subscriptions, but the service intends to increase its second source of advertising revenue. For podcasts more specifically, Spotify wants to offer that possibility. Therefore, the Swedish company will present its own advertising network for podcasts. Investors are excited about Spotify’s plans in the podcast market. They hope the company can make a profit there, as the music streaming market remains negative, and by 2020, Spotify returned more than $ 5 billion to artists who offered their music through the platform.




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