2023-12-20 12:04:00
By Le Figaro with AFP
Published 46 minutes ago, Updated 19 minutes ago
“Other announcements will follow in 2024,” according to the press release from Spotify France, opposed from the start to a streaming tax and which campaigned for a voluntary contribution. BRENDAN MCDERMID / REUTERS
The leading platform in the global music streaming market specifies that this decision, taken in response to the implementation of a tax on the turnover of online music platforms, applies “from 2024”.
Spotify France will stop supporting the Francofolies de La Rochelle and the Printemps de Bourges, from 2024 following the announcement of a tax on music streaming, the platform said on Wednesday, opposed to this measure. After “the announcement of the implementation of a tax on music streaming in France, we regret to announce that Spotify France will stop supporting the Francofolies de La Rochelle and the Printemps de Bourges, from 2024», Writes in a press release the French branch of the leading platform in the global music streaming market. This support translated “financially and through activations on the ground in favor of emerging artists (the Chantier des Francofolies and the iNOUïs du Printemps de Bourges)», Continues Spotify France, without giving any amounts. “Other announcements will follow in 2024», also concludes Spotify France, opposed from the start to a streaming tax and which campaigned for a voluntary contribution.
The implementation in 2024 of a tax on the turnover of online music listening platforms, wanted by Emmanuel Macron and which divides the sector, “should bring in 15 million euros» next year, the government announced Friday. The tax contribution of subscription streaming platforms and free content sharing platforms will be “a rate of 1.2% of their turnover generated in France», Specified the Ministry of Culture in a press release. “Platforms with a turnover of less than 20 million euros will not be subject to», He was once more reminded.
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“Mainly financed by performing arts companies”
The government announced on December 13 the implementation of this tax, following a prior vote to this effect in the Senate in November, during the examination of the 2024 draft budget. This announcement was welcomed in particular by the Union of Phonographic Producers French Independents (UPFI), the Union of Current Music (SMA) and the National Union of Musical and Variety Shows (PRODISS) in a joint press release. The Society of Authors, Composers and Music Publishers (Sacem) also welcomed this tax.
Objective of this tax: to finance the National Music Center (CNM), a body created in 2020 to support the French music industry, like the CNC for cinema, until now mainly financed by performing arts companies. Opponents of the tax for their part pleaded for a voluntary contribution, further asserting on December 13 in a joint press release that they had reached an agreement, bringing together Apple, Deezer, Meta, Spotify, YouTube and TikTok, to mobilize “more than 14 million euros» in 2025.
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