Just noted a notification popping up from John Darko that spotify is planning to launch hifi plan in current year. The caveat ofcourse being that it will be only in "select markets" as of now. Keeping fingers crossed!
Also sharing a link of Spotify's audit report filed with SEC. Do read risk factors section, it gives a good insight on challenges that they are facing both in terms of revenue as well licensing. Interstingly they consider amazon, google and apple as their main competitors as against Tidal or Qobuz.Spotify FS
Artists and fans have told us that sound quality is important to them. We agree, and that’s why today at Stream On we announced Spotify HiFi. Beginning later this year, Premium subscribers in select markets will be able to upgrade their sound quality to Spotify HiFi and listen to their favorite...
I doubt Spotify Hifi (Lossless)in India will be Cheaper than Shared Tidal Turkey
Also if they release Spotify EQed (Colored) version of titles in Lossless, I doubt, I'll never be subscribing to it.