this post was submitted on 28 Sep 2024
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Major music companies send letter to Canada’s CRTC, urging it not to regulate streaming as if it were radio (www.musicbusinessworldwide.com)
submitted 7 months ago by [email protected] to c/[email protected]
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[–] [email protected] 80 points 7 months ago (2 children)

Under those rules, streaming services that are not Canadian-owned and have more than CAD $25 million (approx. USD $18.5 million)  in revenue in Canada annually are required to pay 5% of that revenue into funds that subsidize Canadian content and creators.

Under that plan, 1.5% of music streamers’ revenue would go towards subsidies for local radio stations.

Lol, yea, pay your fucking taxes, grifters.

[–] [email protected] 10 points 7 months ago (3 children)

Unfortunately, that 5% fee means Spotify prices are going up 10%

[–] [email protected] 5 points 7 months ago

Sure but then they pay more taxes. Increase in price means more revenue which means more taxes. It’s just a circle.

[–] [email protected] 4 points 7 months ago (1 children)

If I remember something kn my econ 101 class, they're going up 2.5%, because taxes are not entirely pass to the consumer, they take a part of the company earnings too.

[–] [email protected] 2 points 7 months ago

He ce Spotify prives going up 10, to make sure company profits are covered and then some

[–] [email protected] 3 points 7 months ago

Sure. That just means that Canadian consumers of Spotify will be indirectly subsidizing Canadian artists.

[–] [email protected] 1 points 7 months ago* (last edited 7 months ago)

Interesting that they're pumping back money into traditional radio.

The letter argued that Canada’s radio regulations were designed to address the problems created by its vast geography, its “linguistic duality” (English and French), and the fact that space on analog radio is limited, making decisions about what gets broadcast necessary.

Gee, that's not the history I remember. I'm not super familiar, but wasn't it about holding back Americanisation? (We have radio band allocations separately)