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 2 weeks ago by [email protected] to c/[email protected]
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[–] [email protected] 91 points 2 weeks 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] 14 points 2 weeks ago (3 children)

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

[–] [email protected] 10 points 2 weeks ago (1 children)

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

[–] [email protected] 4 points 2 weeks ago* (last edited 2 weeks ago)

I see no problem here.

Well, assuming you see having domestic content as a valid goal, anyway, which isn't necessarily a given.

[–] [email protected] 6 points 2 weeks ago (1 children)

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

[–] [email protected] 2 points 2 weeks ago* (last edited 2 weeks ago)

That's why they raise it by 10%, not 5%.

Say sub is currently $100/year, they now have to pay $5, they get $5 less. If they raise by 5% to $105, they have to pay $5.25, they get 25c less than originally. But if they raise to $110, they have to pay $5.50, and suddenly they are getting $4.50 more than before, even though they are paying more taxes. And they can blame it on this so people don't hate them as much and accept it.

[–] [email protected] 4 points 2 weeks 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] 3 points 2 weeks ago

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

[–] [email protected] 2 points 2 weeks ago* (last edited 2 weeks 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)