JPMorgan analysts estimated that a $1 monthly increase in the US would add about $500 million to Spotify's annual revenue, the Financial Times reported.
The Mechanical Licensing Collective's legal battle with Spotify over audiobook bundling and royalty payments has entered a new phase following a series of October court filings.
The 8.3% increase to Premium Individual in the UK marks the second time in 18 months that the Swedish streaming giant has raised prices by £1 in the market.
Young criticized Amazon founder Jeff Bezos for supporting the current administration, while also referencing a government shutdown that he said affected income, safety and healthcare security.