Which pioneering pricing strategy did Spotify introduce in 2014 that significantly boosted family subscriptions and reduced churn rates across the music streaming industry?

The music streaming industry has revolutionized how we consume music, but the pricing models behind these services have evolved in fascinating ways. This trivia question explores a groundbreaking pricing innovation that changed how millions of users perceive the value of music streaming services. Test your knowledge of the business strategies that shaped modern music consumption!

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Family Plan that allowed up to 6 household members to share one premium subscription at a discounted rate
Pay-per-minute listening model that charged users only for actual time spent streaming
Tier-based pricing where users could select which artists they wanted premium access to
Dynamic surge pricing that lowered subscription costs during off-peak listening hours