October 25, 2022
Apple has raised the monthly subscription price for its vaunted Apple Music streaming service, in addition to Apple TV+ and the Apple One bundle, which includes Apple Music, Apple TV+, Apple Arcade, iCloud+, Apple News+ and Apple Fitness+.
Apple TV+, which hasn’t raised its $4.99 fee since launching in November 2019, now costs $6.99. Apple Music, one of the largest music streaming services in the world, now costs $10.99, from $9.99, while Apple One increases $2 to $16.95.
In a statement, Apple said the price hike to the music streaming was due to an increase in licensing costs, which the company said would translate to increased royalties for artists and songwriters. Apple said the TV+ introductory price was due to the platform launching with limited shows and movies.
“Three years later, Apple TV+ is home to an extensive selection of award-winning and broadly acclaimed series, feature films, documentaries, and kids and family entertainment from the world’s most creative storytellers,” the company said.
Indeed, Apple TV+ earlier this year became the first streaming service to win the Best Picture Oscar with CODA.
Apple reports third-quarter fiscal results on Oct. 27.