Source: Press Release, Last Accessed: 2021/02/22

Spotify's reaction to both artists and fans, saying that sound quality is important to them, is Spotify HiFi, allowing, later this year, Premium subscribers in select markets to upgrade their sound quality and listen to their favorite songs the way artists intended.
Spotify HiFi will deliver music in CD-quality, lossless audio format, to any compatible device and Spotify Connect-enabled speakers, which means fans will be able to experience more depth and clarity while enjoying their favorite tracks, the company says.
According to the press release, ubiquity is at the core of everything Spotify does, and the company is working with some of the world’s biggest speaker manufacturers to make Spotify HiFi accessible to as many fans as possible through Spotify Connect.
HiFi will be coupled with Spotify’s seamless user experience, building on company's commitment to make sure users can listen to the music they love in the way they want to enjoy it.
Spotify HiFi will begin rolling out in select markets later this year, and we will have more details to share soon.

For more information: https://www.spotify.com/

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