Spotify is withdrawing its support for two music festivals in response to a controversial new tax targeting music-streaming platforms operating in France.
The managing director of Spotify in the France and Benelux regions, Antoine Monin, expressed opposition to a recently introduced tax that is set to impose a levy, expected to range between 1.5% and 1.75%, on all music-streaming services.
The proceeds from this tax are intended for the Centre National de la Musique, established in 2020 to bolster the French music sector.
While major music-streaming platforms, including Apple, Google’s YouTube, and local player Deezer, have united against the new law, Spotify has been particularly vocal. READ MORE
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