Spotify (NYSE: SPOT) listeners in America are going to see their monthly bill rise for the first time ever. The leading "audio platform," as management prefers to call itself, made a broad-based price increase for individual and family plan subscribers in the U.S. and other major markets around the world.

The news coincided with the company's second-quarter earnings report. Management addressed several questions on the price increase. Here are five things investors need to know about Spotify's new pricing.

Spotify's price increase follows similar price increases from Apple, Amazon, 's YouTube, and Tidal.

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Source Fool.com