Spotify and UMG have recently signed an exclusive agreement for Streaming 2.0. This agreement is for several years with a focus on the development of music recording and publishing in addition to the advancement and innovation for the success of artists.
They will offer a special subscription plan exclusively for hardcore fans where, this plan will benefit artists, songwriters and users. In this plan they will ensure higher artist payments, access to higher quality audio files, additional non-music content, video content, and many other benefits.
This subscription plan is said to be a Super-Premium plan. It may be Spotify's new strategy to offer music streaming with lossless audio like Apple Music or a method of charging high subscription prices but at the same time, users will receive other snacks that may add value.
For now, there are still no details on what new subscription plans they will offer. Let's wait and see.