Spotify has revealed plans to increase subscription charges in France, in response to a deliberate new tax directed in any respect music-streaming providers working in the nation.
The transfer comes practically three months after the corporate vowed to start disinvesting in France, initially pulling assist from two festivals with the promise of extra motion to come this yr.
The proposed tax will see a levy of between 1.5 and 1.75% imposed on Spotify and rival providers together with Deezer, Apple Music, and Google’s YouTube Music, with proceeds redirected to the Centre National de la Musique (CNM), established in 2020 to assist the French music sector. While all these respective firms are opposing the new regulation, Spotify has been probably the most vociferous, largely due to the very fact it’s the largest participant in the nation.
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