Spotify will reportedly test a price hike for its premium service in some markets

Spotify is set to test a price increase for its family plan, upping the cost by around 13% in some Scandinavian markets, Bloomberg reports. The price increase is designed as a limited test to figure out whether it might be able to roll out higher pricing for its service globally. The music-streaming company has good reason to give higher prices a shot: It's consistently a money-losing company, despite having the largest user base of any music streaming service around.