Spotify raised premium subscription price in France by €0.13 to €11.12/month, matching the 1.2% levy imposed by the government on music-streaming companies.
Proceeds from the levy will support France's music sector through Centre National de la Musique, while Spotify withdrew financial support for local French music festivals in response.
The price hike, aimed at offsetting the tax costs, makes France one of the priciest countries for Spotify in the Eurozone.
Despite the increase, it's unlikely to lead consumers to cancel their subscriptions, reflecting Spotify's strategic pricing response to the imposed levy.
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