The music streaming service first announced Spotify Hifi in 2021, with an aim to provide Premium subscribers with access to "CD-quality, lossless audio format." But it never launched, even though rivals like Apple Music and Amazon Music Unlimited already offered lossless audio.

Bloomberg reports that Spotify is currently working on a new subscription tier likely to be released later this year.

Spotify is finally making its long-awaited move into high-fidelity music streaming but with a twist. According to Bloomberg, the company is set to launch a new premium tier called Spotify Music Pro, which will introduce CD-quality audio—something it first promised back in 2021 under the name Spotify HiFi.