Topics
in vogue
AI
Amazon
Image Credits:Nikos Pekiaridis/NurPhoto / Getty Images
Apps
Biotech & Health
Climate
Cloud Computing
Commerce
Crypto
Enterprise
EVs
Fintech
Fundraising
Gadgets
Gaming
Government & Policy
ironware
Layoffs
Media & Entertainment
Meta
Microsoft
Privacy
Robotics
Security
Social
infinite
startup
TikTok
Transportation
Venture
More from TechCrunch
effect
Startup Battlefield
StrictlyVC
Podcasts
video
Partner Content
TechCrunch Brand Studio
Crunchboard
touch Us
Spotify is pulling support for two music festivals in protest against a controversial new revenue enhancement engineer at music - streaming platforms operating in France , and threatened more legal action will keep abreast in the coming months .
Antoine Monin , managing director for Spotify in the France and Benelux regions , took to Xthis week to decrya new taxthat will impose a levy of what is expect to be between 1.5 and 1.75 % on all medicine - streaming serving , with the proceeds go toward the Centre National de la Musique ( CNM),which was established in 2020to support the Gallic music sector .
While all the major music - streaming platforms have amount together in opposition to the new legal philosophy , including Apple , Google ’s YouTube and local player Deezer , Spotify has been the most vocal . In the wake of the announcement last week , Spotifysaid that the movewas a “ real blow to invention , ” and that it was evaluating its next move .
The company has now move over the first denotation of what those moves are , with Monin take note that it will pull backup forFrancofolies de la Rochelleand thePrintemps de Bourgesfestivals start up from 2024 , which it has been supporting financially and via other on - the - ground resource . Monin added that “ other annunciation will follow in 2024 , ” though he did n’t work out on what those actions might be .
Tête-à-têtes
It ’s deserving noting that Spotify was recently embroiled in atête - à - têtewith the Uruguayan government over a new legal philosophy that promises “ fair and just ” wage for all artists involved in a recording . Spotify argued the law would mean it would have to pay rightsholders doubly for the same tracks , and it wouldthus finish maneuver in the nation . The company laterpulled a 180 - arcdegree turnwhen the government pass assurances that music - teem political program would n’t be await to cover any surplus price resulting from the law .
France is different , insofar as it ’s likely a much bigger market for Spotify and pull out is not a viable form of action . And as Monin suggest at last week , its plan of action is probable to revolve about more around reallocate resourcefulness to other marketplace .
“ Spotify will have the way to sop up this tax , but Spotify will disinvest in France and will invest in other markets , ” Monin saidin an interviewwith FranceInfo last week . “ France does not boost founding and investing . ”
