When a huge company pulls out if a country due to its laws affecting their ability to make money, it should tell you that the company in question only has its status due to exploiting something that should be being regulated.
Spotify starts 'disinvesting' in France in response to new music-streaming tax
Submitted 11 months ago by throws_lemy@lemmy.nz to technology@lemmy.world
https://techcrunch.com/2023/12/22/spotify-france-tax-festivals/
Comments
foggy@lemmy.world 11 months ago
Pepsi@kbin.social 11 months ago
Or that a quant figured out it would be cheaper to cut staff and stop operating in a specific region vs pay extra fees to continue operating in that region.
Syntha@sh.itjust.works 11 months ago
Like Twitch and South Korea huh?
pandacoder@lemmy.world 11 months ago
Well in this case the companies that should be regulated are the Internet companies in SK. 😂 Good counterpoint (not /s)
jol@discuss.tchncs.de 11 months ago
Well yes… Or that the government has enacted laws to extract rent from international companies.
SquiffSquiff@lemmy.world 11 months ago
I’m in the UK. Spotify family subscription is £17.99/month (US$ 22.84). Same price as Netflix premium, although I have Netflix standard at £10.99 (US$ 13.96). Now, I know that they give a high percentage to the record companies, source says 70% but really? What are they doing over there? They seem to have some fundamental problems. With Netflix, my history, watchlist, search results, etc. are consistent across sessions and devices. Spotify can’t manage this. Netflix of course produce a significant quantity of original content. Spotify do a few live music sessions. I don’t think that the user experience with Spotify has changed significantly in the last 6 years that I have been a customer.
So they’re not making money. They’re not improving the user experience or meeting the market standard for it. They’re not producing original content and they seem unable to comply with local laws. Why have they not been disrupted by one of their competitors?
Radium@sh.itjust.works 11 months ago
What you are missing is that they are majority owned by the same record companies they are paying out 70% to. They even specifically structured the deals between Spotify and labels so that they pay labels in a way that allows labels not to credit artists for nearly 50% of all streams meaning the label gets to keep it.
Chokepoint capitalism by Cory Doctorow is a great book that goes into detail about how it works
Appoxo@lemmy.dbzer0.com 11 months ago
Tbh I prefer the different play sessions between devices of device A is offline.
That way I have my work playlist at work and my home playlist at home ready to play.PlantObserver@lemmy.world 11 months ago
Anecdotally, about 25% of my circle have moved to various other services, so maybe not a huge disruption but they’re definitely losing some customers to competitors at least
daft61lunacy@lemmy.world 11 months ago
Innovating ways to pay less the artists.
timtoon@kbin.social 11 months ago
Also known as divesting, smdh
themurphy@lemmy.world 11 months ago
Spotify is saying it’s “a real blow to innovation”.
Honestly wtf they on about. 1-2% tax on their massive multi million platform, and the tax goes directly to support music in the country.
Fuck Spotify.
LazaroFilm@lemmy.world 11 months ago
Spotify still can’t figure out how to make a profit even with all their subscribers. Theo the 1% tax adds to their loss. Still fuck Spotify.
8bitguy@kbin.social 11 months ago
I have a good idea of where they could have found about $200M.
De_Narm@lemmy.world 11 months ago
Oh yeah. Innovation from Spotify. Like their great recent one, copying TikTok for a few weeks.
Johandea@feddit.nu 11 months ago
What are you on about?! Spotify innovates all the time. Almost every week I’m greeted with a new way to fuck up their app and/or service. That’s impressive! 😐
avidamoeba@lemmy.ca 11 months ago
Wait, what does “to support music in the country” mean? Spotify already pays the majority of their revenue to record labels. That is funding for the music industry. Aren’t French labels a part of this scheme?
blargerer@kbin.social 11 months ago
Its not unusual for countries outside the biggest media producers (like the US for instance) to have rules in place to make sure there is continued local cultural output.
ElBarto@sh.itjust.works 11 months ago
Innovation? The fuck have they innovated? They’re stupid Bluetooth spotifyoboy car thing that they bailed on?
Spotify wrapped … yeah no shit I played my favourite song the most this year… Such an inovating feature of useless information…
They did innovate underpaying artists tho.
rebelsimile@sh.itjust.works 11 months ago
Well you know how before Spotify, people used to listen to music from their favorite artists? Spotify made it so that you could listen to music from your favorite artists via a middleman.
🫲innovation🫱
MashedTech@lemmy.world 11 months ago
All worth the watch about how Spotify underpays artists and etc.
Radium@sh.itjust.works 11 months ago
What have they ever innovated?
avidamoeba@lemmy.ca 11 months ago
It “starts instantly” or some shit.