Spotify increases its prices in France to pass on the streaming tax

Spotify increases its prices in France to pass on the streaming tax
Spotify increases its prices in France to pass on the streaming tax

Spotify had warned that the streaming tax, passed earlier in the year, would be passed on to subscriptions. The company then explained that it had no choice, because the profitability of its service was in danger.

The tax results in a 1.2% drain on turnover to fund the coffers of the CNM, the National Music Center. This one ” commissions studies on the French music industry, and provides financial subsidies to record companies and the live entertainment industry “.

Although Spotify worked hard to find alternative solutions, the French government ultimately decided to impose this 1.2% tax on all music streaming services. Spotify is committed to defending artists and will continue to pay nearly two thirds of its revenue to rights holders (i.e. several hundred million euros in France in 2023). Going forward, further increases to the CNM tax will be reflected in our pricing plans in France and we will continue to urge the government to find alternative means for this funding », Explains Spotify in the email currently sent to subscribers.

While we could have expected at least 1 euro more, this is not the case. The Premium subscription therefore goes from 10.99 to 11.12 euros, or 13 cents more. Likewise, the Duo offer increases from 14.99 to 15.17 euros (18 cents more), the Family offer from 17.99 to 18.21 euros (22 cents more) and the student offer from 5 .99 to 6.06 euros (7 cents more).

The price change is therefore smooth. It will be reflected at the end of the current month for subscribers.

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