Spotify is rumored to be gearing up to introduce a high-fidelity audio experience, finally delivering on its long-awaited promise. According to insider reports from Bloomberg, the music streaming giant is planning to offer this premium tier as an add-on to existing subscriptions for an extra $5 per month.

Following recent price increases that saw the individual plan rise to $10.99 per month, users may soon have the option to upgrade to HiFi quality for a total of $15.99 per month. This pricing strategy aims to make the new tier more appealing and competitive in the market.

In addition to superior audio quality, the HiFi tier is said to come with exciting new features like personalized playlist creation. Users will have the ability to curate custom playlists based on specific dates, events, or activities. The algorithm will even predict user preferences and generate playlists accordingly.

While an official release date for the HiFi tier has not been announced yet, these rumors suggest that Spotify is inching closer to fulfilling its promise of lossless audio. The potential introduction of this premium tier could attract new users and retain existing ones who prioritize top-notch sound quality.

By entering the realm of lossless audio streaming, Spotify will join other major players like Apple Music and Tidal in catering to audiophiles and music enthusiasts craving a superior listening experience. As anticipation builds among users eager for a new way to enjoy their favorite tunes, only time will reveal how successful this move will be for Spotify. Stay tuned for more updates on this exciting development!