Spotify and YouTube raise their premium-service pricing

Spotify announced Monday it will increase the price of its premium service by $1 to $10.99. The music streaming giant said existing premium plan subscribers would be notified via email of when the increase would kick in, and be given a one-month grace period before it becomes effective unless they cancel before the grace period ends. It represents the first price increase for the company since 2011. "The market landscape has continued to evolve since we launched," Spotify said in a release. "So that we can keep innovating, we are...