Music streaming services have raised concerns over the French government’s proposed tax on music streaming services. Amongst the companies slamming the new plans is Spotify, which has warned that such a move may lead to the company deprioritizing France in the future.
Antoine Monin, the Director General of Spotify France, expressed his dismay, labeling the tax a “monumental strategic error, which goes against the issues of economic, cultural and European technology”.
In an interview with French news channel France Info, Monin highlighted the potential adverse impact on European streaming companies, particularly Spotify and Deezer, compared to their US-based counterparts such as Apple, Amazon, and YouTube.
Monin argued that the tax would disproportionately affect European platforms, given their dominance in the French streaming market and their primary focus on music streaming, in contrast to the diversified portfolios of the tech giants.
“The adoption of this tax is really a blow to the music sector, to innovation and to European independent platforms like Spotify or Deezer” according to a translated text of Monin’s interview with France Info
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