Spotify might be one of the most widely used music streaming services on the planet but it’s not like it doesn’t have to put up with intense competition. Apple Music is giving Spotify a run for its money while Tidal, a relatively new kid on the block, is pulling users who don’t mind paying more for lossless audio streaming. According to a new report, Spotify is now preparing to launch a new tier called Spotify Hi-Fi which will cater to those who want lossless audio streaming.

The Verge reports, citing multiple sources, that Spotify Hi-Fi is going to offer subscribers CD quality audio which will be similar to what Tidal provides its Hi-Fi service subscribers with. Spotify has started testing the Hi-Fi service with a small group of users, pricing it between $5 to $10 above the normal $10 per month subscription fee for Spotify Premium.

However, some users who have tried signing up for the Hi-Fi service have been met with an error message which tells them that the service is not yet available in their area. Spotify is clearly not done tweaking it just yet. Spotify hasn’t officially confirmed as yet that it’s going to launch a lossless music streaming tier.

When contacted by the scribe for a comment, the company simply said that it’s always testing new features and offers and that it doesn’t have any news to share at this point in time.

Filed in Cellphones. Read more about Apple Music, Music Streaming, Spotify and Tidal.

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