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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 years ago by to c/canada@lemmy.ca
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[–] 14 points 2 years ago (3 children)

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

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  • [–] 6 points 2 years ago (1 child)

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

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  • [–] 2 points 2 years 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.

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