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FYI

Luminate Data Market Watch Facts & Figures: Feb. 22, 2024

Here is this week's Luminate Data Market Watch report which features Canadian music stats for the current week and year-to-date comparisons to last year.

Luminate Data Market Watch Facts & Figures: Feb. 22, 2024

Here is this week's Luminate Data Market Watch report which features Canadian music stats for the current week and YTD with comparisons to last year. This chart is published every Tuesday. The abbreviation "TEA" is a term used to describe the sale of music downloads or singles. A track equivalent album is equal to 10 tracks, or 10 songs.

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Streaming

Spotify Raising Prices in Canada While Challenging Proposed 'Streaming Tax'

The Canadian increase comes after the implementation of the Online Streaming Act, which mandates companies like Spotify to pay 5% of its revenues into Canadian content funds.

Spotify is reportedly raising prices for subscribers in Canada.

The move comes amidst the implementation of the Online Streaming Act, which sees the Canadian Radio-television and Telecommunications Commission (CRTC) requiring major foreign streamers — those with revenues over $25 million — to pay 5% of revenues as base contributions into funds for Canadian content.

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