Spotify Pulls Support from French Festivals in Protest of New Streaming Tax

The company's move is a response to France's new tax on music streaming services, with further actions hinted for 2024.

Spotify is withdrawing its support from two French music festivals, Francofolies de la Rochelle and Printemps de Bourges, in response to France's new tax on music streaming services.
The tax, which will be between 1.5 and 1.75% on all music-streaming services, will fund the Centre National de la Musique (CNM) to support the French music sector.
While all major music-streaming platforms oppose the new law, Spotify has been the most vocal, describing the move as a 'real blow to innovation.'
Spotify's managing director in France, Antoine Monin, has hinted at further actions in 2024.
This is not the first time Spotify has clashed with a country's domestic laws, as it recently ceased operations in Uruguay due to copyright laws requiring 'equitable remuneration' for artists.