Spotify starts ‘disinvesting’ in France in response to new music-streaming tax

Spotify starts ‘disinvesting’ in France in response to new music-streaming tax

5 months ago
Anonymous $oNW8tt9dEO

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.