Subscription prices across the entertainment industry are rising, and Apple is joining the party. Apple announced that subscription prices for Apple Music, Apple TV+ and Apple One will increase immediately. According to Apple, its music service is increasing in...

Subscription prices across the entertainment industry are rising, and Apple is joining the party. Apple announced that subscription prices for Apple Music, Apple TV+ and Apple One will increase immediately.

According to Apple, its music service is increasing in price due to more expensive licensing costs. Apple says artists and songwriters will, in turn, “earn more for the streaming of their music.”

Apple Music subscribers will see individual membership prices increase to $10.99 a month from $9.99 a month and family memberships increase to $16.99 a month from $14.99 a month. Any individuals on the annual plan will see an increase from $99 a year to $109 a year.

Apple TV+ was introduced at a relatively low price compared with other streaming video services at only $4.99 a month.

Monthly Apple TV+ subscribers will see their subscription price increase from $4.99 to $6.99. Those on an annual subscription will see an increase from $49.99 to $69.

Apple says the price increase is in line with the service’s increased selection of “award-winning and broadly acclaimed” content.

Apple One is the company’s all-in-one bundle program, allowing subscribers to access Apple Music, Apple TV+, Apple Arcade and iCloud+. As a result of the Apple Music and Apple TV+ price increases, the Apple One bundle will also increase in price across all tiers.

Individual accounts will increase from $14.95 a month to $16.95 a month, while family accounts will increase from $19.95 a month to $22.95 a month. If you are subscribed to the company’s premier tier with Apple Fitness and Apple News+, you’ll see an increase from $29.95 a month to $32.95 a month.

Apple Music and Apple TV+ may have raised their prices, but their offerings remain competitive in the industry. At $6.99 a month or $69 a year, Apple TV+ is still one of the cheapest 4K ultra high-definition, ad-free streaming video services available.

Apple Music now costs $1 a month more than Spotify. The service continues to offer exclusive features, including high-resolution lossless audio and its surround-sound spatial audio experience for select tracks.

Michael Archambault is a senior writer for The Penny Hoarder specializing in technology.

This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.

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