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Spotify HiFi<\/a>, the company’s lossless audio streaming tier, will reportedly be launched by the streaming service soon. The company initially revealed its lossless streaming audio tier over two years ago, but is yet to make an official announcement regarding its release date. The new lossless tier will compete with streaming services like Apple Music and Amazon Music, that also offer support<\/a> for streaming lossless audio. However, users will reportedly have to pay a costlier subscription fee to access the lossless audio streaming feature.<\/p>\n According to a Bloomberg report<\/a> citing people aware of the developments, Spotify<\/a> will launch the new HiFi feature that was first announced<\/a> in 2021, in markets outside the US later this year. The new tier, called “Supremium” internally, will reportedly cost more than the existing Premium plan that offers high-quality audio streaming \u2014 but not lossless audio \u2014 alongside a free music streaming tier that is supported by advertisements.<\/p>\n The new lossless audio streaming tier will either offer access to a few audiobook titles that can be streamed in a month \u2014 Premium subscribers still have to purchase these on Spotify \u2014 or give users access to a limited number of listening hours, as per the report, which states that this will be available in the US in October after it arrives in other markets.\u00a0\u00a0<\/p>\n It is worth noting that Spotify currently costs Rs. 119 for a monthly subscription in India (or Rs. 129 for the pre-paid one-time payment option), while rival service Apple Music<\/a> offers users access to high quality, lossless, and Hi-Res lossless audio streaming for a monthly subscription fee of Rs. 99. Meanwhile, in the US, both Apple Music and Amazon Music<\/a> are priced at $10.99 (roughly Rs. 900), while Spotify Premium<\/a> costs $9.99 (roughly Rs. 820) a month.<\/p>\n