Spotify Is Hiking Its Subscription Prices In France Following CNM Tax
Spotify will pass-on the music streaming tax imposed by the French government by hiking its subscription prices in that market. As previously reported, France’s National Assembly last December approved a so-called “CNM Tax” on streaming brands, the funds from which would finance the national public body, The Centre National de la Musique (CNM), which was created in 2020 and is already partly financed by the live music industry.The tax was predictably decried by the streaming services. For platforms that earn […]
