Streaming price hikes refer to the recent trend of music streaming services increasing their subscription fees. This development impacts consumers, artists, and the financial landscape of the music industry. For example, Spotify has raised its individual Premium subscription price from $9.99 in 2022 to $11.99 in 2024 in the US¹. These increases are becoming a norm after years of stable pricing². The global music streaming market is projected to grow significantly, with an estimated increase of $53.49 billion from 2024 to 2029³. These price adjustments aim to improve profitability for streaming platforms and potentially increase payouts for artists and rights holders.