23 February 2021
Spotify is finally entering the lossless music streaming business with Spotify HiFi. It will be a separate subscription tier for those who want to hear the music the way it was intended to. The announcement was made at Spotify's online-only event called Stream On where the company talked about its current situation and future plans.
Spotify HiFi is said to deliver music in "CD-quality, lossless audio format" to a wide range of devices including Spotify Connect-enabled speakers. It is also working with a number of leading audio device manufacturers so that there can be more and more supported devices for users to choose from. The announcement mentions that the new format will help users "experience more depth and clarity while enjoying their favorite tracks."
The majority of the details about Spotify HiFi are still under wraps. For example, we currently do not know how much it would cost and exactly when it will become available. Spotify has said that the lossless music support will land on the service sometime later this year and that too only in select countries. As far as pricing is concerned, it will surely cost more than the Spotify Premium subscription.
It should be noted that Spotify is not the first music streaming service to support lossless music. Tidal was one of the first services to do as it offers its HiFi plan for $19.99 per month in the United States. Amazon was the most recent company to announce a high-quality sound service called Amazon Music HD in 2019. It is priced at $14.99 per month but if you are a Prime member, you can get it for $12.99 per month. This makes it one of the affordable options out there and we will have to see exactly how expensive Spotify HiFi will be.