The European Union will start a formal probe of Apple Inc. in the next few weeks following Spotify’s antitrust complaint, the Financial Times reported. The music streaming giant had complained to the EU’s antitrust agency earlier this year that Apple’s 30 percent cut of revenue was effectively a tax on competitors. The feud came as […]
Spotify has confirmed that it paid €50 million (US$56 million) to acquire Parcast, the story-based podcasting studio it snapped up last month. Founded in 2016, Los Angeles-based Parcast has two production studios, through which it has created more than a dozen popular podcast shows, including Serial Killers, Female Criminals, and Mind’s Eye. Some estimates had […]
Apple Music has overtaken Spotify in the number of paid subscribers it has in the United States, according to reports. Apple Music had 28 million paid subscribers to Spotify’s 26 million, as of February 2019. Apple Music also has a growth rate of around 2.6% to 3%, compared to Spotify’s monthly rate of about 1.5% […]
Spotify is in early stages of high-stakes licensing talks with music rights owners that will affect its profit margins for years to come, the Financial Times reports, citing people familiar with the matter. The New York-listed streaming service must cut deals with Vivendi-owned Universal Music, Sony Music and Warner Music, which combined control two-thirds of […]
On Wednesday, March 13, Spotify filed a complaint with the European Union, alleging that Apple uses unfair practices in the App Store. Specifically, Spotify is upset at the 30% that Apple charges developers for subscriptions, and it claims that it’s designed to give Apple Music an unfair advantage in the marketplace. Apple pushed back on […]
According to a reporte from Reuters, Spotify has filed a complaint with EU antitrust regulators against Apple, saying the iPhone maker unfairly limits rivals to its own Apple Music streaming service. Spotify, which launched a year after the 2007 launch of the iPhone, said on Wednesday that Apple’s control of its App store deprived consumers […]
A group of European tech companies have asked EU regulators to put a stop to what they see as anti-competitive practices from companies like Apple and Amazon. According to a report in the Financial Times, “Spotify co-founder Daniel Ek and Deezer chief executive Hans-Holger Albrecht called on Brussels to ensure ‘a level playing field’ by […]