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Spotify and major music DSPs on alert as Canada triples streaming tax to 15%

4 days ago · Music Business Worldwide · 2 views
Spotify and major music DSPs on alert as Canada triples streaming tax to 15%
The Thrifty Streamer Take
What this means for your streaming budget
If the streaming industry is being hit with new taxes, what does that mean for your monthly budget? Short answer: it means pricing pressure is building, and we need to be extra careful about what we sign up for. While the tax hike itself is levied on the platforms, it signals that the cost of music and video content is increasing globally. Don't assume the price you pay today is the price you'll pay next year. Instead of waiting for a rate hike, we need to take control of our spending.

The most powerful defense against rising streaming costs is adopting a "subscription rotation" strategy. Instead of keeping three services active year-round, commit to using one service exclusively for a set period—say, three months—then pause it and switch to a different service. This way, you still get access to a wide variety of content without the cumulative drain on your bank account. If you find yourself paying for both Spotify *and* Apple Music when you only use them occasionally, that’s money that could be better spent on coffee or savings.

Before you renew any service, ask yourself: Am I paying for the premium features, or am I just paying for the habit? If you only listen to music during workouts, could you achieve 80% of that experience with a lower-cost, single-use service for that specific activity? Staying proactive and ruthless about usage is the best way to keep your entertainment budget stable, regardless of what taxes are passed down the line.

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