Spotify Premium subscribers in some regions are about to feel the pinch, Reuters reported. The music streaming giant announced Monday that it will hike prices for individual plan subscribers by 9 percent starting in September.

2. In Account Overview, scroll down to Your plan and hit Change plan. This won't delete your Spotify account but will cancel your paid subscription and knock you down to the free tier, which still allows music streaming with advertisements. You'll also keep all of your playlists and saved music.

Spotify Technology said premium subscribers in markets across a number of regions would see the price of their membership increase.