Spotify starts ‘disinvesting’ in France in response to new music-streaming tax
https://techcrunch.com/2023/12/22/spotify-france-tax-festivals/
Spotify is pulling support for two music festivals in protest against a controversial new tax directed at music-streaming platforms operating in France, and threatened more action will follow in the coming months.
Antoine Monin, managing director for Spotify in the France and the Benelux regions, took to X this week to decry a new tax that will impose a levy of what is expected to be between 1.5 and 1.75% on all music-streaming services, with the proceeds going toward the Centre National de la Musique (CNM) which was established in 2020 to support the French music sector.
Spotify starts ‘disinvesting’ in France in response to new music-streaming tax
Dec 22, 2023, 4:15pm UTC
https://techcrunch.com/2023/12/22/spotify-france-tax-festivals/
> Spotify is pulling support for two music festivals in protest against a controversial new tax directed at music-streaming platforms operating in France, and threatened more action will follow in the coming months.
> Antoine Monin, managing director for Spotify in the France and the Benelux regions, took to X this week to decry a new tax that will impose a levy of what is expected to be between 1.5 and 1.75% on all music-streaming services, with the proceeds going toward the Centre National de la Musique (CNM) which was established in 2020 to support the French music sector.