Spotify has raised the worth of a premium subscription in France by a staggering €0.13 in response to a music streaming tax launched by the federal government at the beginning of the yr.
The brand new worth is €11.12 per thirty days for a person subscription plan. The brand new worth is 1.2% greater than the earlier quantity, the identical because the 1.2% levy France has imposed since January on music streaming firms together with Deezer, Apple, Google and Spotify. 1 this yr. The 1.2% improve applies to all Spotify subscription plans, together with scholar, household and duo plans.
France launched the brand new levy as a technique to assist the nation’s music sector, with income from the tax going to the Middle for Nationwide Music (CNM), which was arrange 4 years in the past.
In response, Spotify introduced late final yr that it was ending monetary assist for native French music festivals, together with Les Francofolies de la Rochelle and Printemps de Bourges. The corporate additionally mentioned it might increase costs in France, however didn’t disclose by how a lot. In a press release offered to TechCrunch on the time, Spotify mentioned the transfer was designed to offset the prices of that tax, so it is no shock that the brand new worth intently matches the worth of the levy.
Whereas the rise is unlikely to power shoppers to ditch their premium subscriptions, the transfer now locations France among the many costliest nations for Spotify within the eurozone.