According with the company, HiFi will provide to subscribers «music in CD quality audio format without losses». Listeners will be able to access the enhanced digital music library through their Spotify Connect device and speakers. At the moment, Spotify exceeds 320kbps of audio.
The new level will finally give the service the opportunity to compete with Amazon and Tidal, which both offer lossless sound programs. Amazon offers the loss-free package for $ 14,99 per month (or $ 12,99 for Prime subscribers), while the corresponding Tidal package is available for $ 19,99 per month. It is not yet known how much the company will cost Spotify HiFi.
Spotify HiFi news comes with a host of announcements that accompany Spotify Stream On. The company also said the service will be available in more than 80 new markets in the coming days, including Bangladesh, Pakistan and Nigeria.
Meanwhile, Spotify announced that new exclusive content will be available through the service very soon. Batman fans will soon be able to broadcast Batman Unburied, the new DC Comics podcast by David S. Goyer. The agency also reported that the first two episodes of the Renegades Podcast, starring President Barack Obama and Bruce Springsteen, are now available.
Spotify also revealed that platform is more profitable than ever for artists, with many even earning significant sums of money. Spotify said it plans to share more details about the rights on Spotify soon, making it the most attractive destination for artists large and small.
Finally, Spotify said it gives all artists access to Canvas, which allows them to add visual material to their pieces. This gives the listeners a better perspective experience, making Spotify a more exciting platform.