Spotify to Launch Premium $20/Month Supremium Tier with Lossless Audio and More After Missing Earnings

Spotify rumored to launch new $20/month "Supremium" tier with higher quality audio, playlist tools, and audiobooks.

Tier expected to include "lossless" 24-bit audio and personalized "sound capsule" based on Chris Messina leaks.

Delayed rollout of lossless audio after Apple Music and Amazon Music offered it for free.

Part of effort to raise revenues amid investor pressure after missing Q2 earnings estimates.

Premium subscribers rose 17% to 220 million in Q2, beating estimates.