Playstation Plus members can get Spotify Premium for a discount right now

Playstation Plus members can get Spotify Premium for a discount right now

SPOTIFY is set to launch a new free music streaming service within weeks that will be more like its premium tier. As such, the company will make its service much better for free users, who are most likely to be turned into paying subscribers.

Fresh off its public listing on the stock exchange, Spotify is under pressure from investors to maintain its lead - and an overhauled free service could do the trick. The company, which most recently filed for an IPO, is poised to announced the changes on its April 24 event, where it'll also unveil its first hardware product - possibly a vehicle music player.

The upgrade will give users more controls over tracks and quick access to playlists on mobile, according to sources cited by Bloomberg.

Spotify has otherwise resisted calls to change the free service, insisting it needed a compelling offering to compete with YouTube, the world's most popular video site. This seems to suggests that free users will be able to pick what songs they want to listen to, unlike the current free tier which only lets them listen to playlists in shuffle mode. In addition, if you own a Playstation 3 or 4, you've had Spotify available to you since early 2015 through Playstation Music.

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Spotify is in a critical position now that it's gearing up to become a publicly traded company. The discount will apply for as long as you are subscribed taking £1 a month off the standard subscription charge of £9.99.

This model has worked well.

In September a year ago, the companies announced that they would offer a bundle of their services to college students in the USA for $5 per month. Streaming has totally taken over the way we listen to music, but the monthly fee for services like Spotify can still burn a little. Technology giants Amazon.com Inc., Apple Inc. and Alphabet Inc. are all vying for a larger share of the music subscription market. Spotify is Apple Music's biggest rival in the United States, and the music streaming service looks to take on the recently launched Amazon Prime Music among others in the Indian market.

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