What is Clubhouse?: What is the allure of the invite-only social media network app? The President & The Boss: Barack Obama, Bruce Springsteen launch new podcast about their 'unlikely friendship' Spotify also is working with speaker makers to make the improved sound available through Spotify Connect, which lets play Spotify wirelessly on other devices. Music will be in a lossless audio format – as opposed to digital audio formats such as MP3 that compress and discard some sound data.

But it's likely the price of a Spotify HiFi subscription would be more than the current $9.99 Spotify Premium monthly cost. Spotify promised more details soon about which select markets will get Spotify HiFi later this year. The new subscription offering is 'for those listeners really passionate about audio quality,' said Jeremy Erlich, Spotify's global co-head of music said during the event (you can watch it in its entirety on YouTube). Music heard in CD quality is one of the most requested features by Spotify users, the company said during its Stream On event Monday. The popular music streaming service plans to offer a new Spotify HiFi subscription level later this year.

Spotify hifi