Major music companies send letter to Canada’s CRTC, urging it not to regulate streaming as if it were radio - Music Business Worldwide
www.musicbusinessworldwide.com
Streaming services will be required to pay 5% of their Canadian revenue to support local content, including radio stations.
  • acargitz
    48·
    5 hours ago

    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.

    • powerofm
      3·
      1 hour ago

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