Audible launches a cheaper, $8.99/month streaming tier in the US, vs. $14.95 for its premium plans, to compete with Spotify; the plan includes ad-free podcasts (Ashley Carman/Bloomberg)

Audible has introduced a new “Standard” streaming tier priced at roughly $9 a month in the United States, undercutting its existing “Premium” plans that cost $14.95. The lower-cost plan provides ad-free podcasts and continues to include an audiobook credit, positioning the service as a direct competitor to Spotify.

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