Spotify said its HiFi subscription will deliver music in CD-quality, lossless audio format to your devices and Spotify Connect-enabled speakers. Monday's two-hour virtual event was expected to bring news both for listeners of Spotify and for audio creators using the service, likely including music artists and podcasters alike. The news came out of Spotify's Stream On event, intended to reveal how the streaming-music giant wants to improve both creator and fan experiences on its service. Rival Tidal's high-quality-audio membership is $20 a month and offers lossless high-fidelity sound quality at 1411 Kbps and immersive audio with 360 Reality Audio and Dolby Atmos Music. Spotify said HiFi would be considered an add-on to its regular Premium account, which is $10 a month in the US - meaning Spotify HiFi is likely to cost about $10 in addition to the regular subscription price. It is expected to be priced competitively with other high-quality-audio streaming tiers, which in the US can cost $20 a month.

Spotify said Monday that it will launch a new subscription offering called HiFi later this year in select markets, a new tier offering music with CD-quality sound in a lossless compression standard.

Spotify hifi streaming tier year