Spotify is reportedly launching a HiFi tier with lossless music streaming through a "Supremium" plan later this year in non-U.S. markets, which may cost more than the current $9.99 monthly premium plan. The plan will also include access to audiobooks and may launch in the U.S. in October. The launch has been delayed due to licensing issues, but the company is now set to compete with Apple and Amazon, which have already introduced support for lossless music. The costlier plan is expected to increase the average revenue per user and add value to those who want to access lossless music from Spotify.

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