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In late 2014 Spotify first introduced its Family Plan offering, allowing users to share Premium access with up to four additional accounts. While it was nice to have the option, the reality is that the pricing was a good deal more than what you’d find on competing services. Until today.

Previously, just two lines with Spotify would cost you $14.99 monthly, three lines for $19.99, $24.99 for four, and you would be charged $29.9 for five total users. The new plan is greatly simplified, with just one tier for $15 a month. This single tier lets you share with up to six family members or friends.

The new plan is available starting today, though if you are on an existing family plan (like myself), there’s no way to go into your account and automatically switch over. That said, we’re hearing a few reports on the web that the Family Plan will instantly switch to the new system at your next billing cycle renewal. We’ve reached out to Spotify for clarification and will update the post accordingly.

With streaming increasing in popularity, it seems only fitting that these types of services would start to slowly drop down in price. After all, the larger the audience, the more they can afford to price aggressively. What do you think of the new Spotify Family plan rate? Share your thoughts in the comments.