Apple illegally trying to withdraw from the game the largest music services
This summer, Apple plans to launch its own music service. US authorities suspect the company is in collusion with record labels against the services of Spotify and YouTube . The Federal Trade Commission and the US Department of Justice believe that Apple gets rid of competitors by illegal methods.
They suspect that the company has tried to persuade the labels not to renew contracts with the services of Spotify and YouTube. Moreover, Universal Music management was allegedly promised to reimburse the loss of funds from licensing fees if it prohibits placing their content on YouTube, reports The Verge.
It should be noted that Spotify and YouTube provide music for listening only with the appropriate agreement with the labels. Spotify, for example, collaborates with Sony , Warner Music and Universal . The number of users of the service exceeds 60 million people, but only 15 million purchased a paid subscription. Therefore, Apple is profitable to withdraw it from the game and attract a multi-million dollar audience.
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About three weeks ago, Megamind wrote that the Spotify service was preparing to receive $ 400 million from Goldman Sachs, the Abu Dhabi National Welfare Fund and several other sources. Attracting financing will raise the company's value to $ 8.4 billion. Spotify needs development to fight new competitors.
Such an active struggle is partly due to the fact that in the spring of 2015 the revenues of streaming audio services in the USA for the first time exceeded the revenues from CD sales. The streaming audio services market continues to grow.
They suspect that the company has tried to persuade the labels not to renew contracts with the services of Spotify and YouTube. Moreover, Universal Music management was allegedly promised to reimburse the loss of funds from licensing fees if it prohibits placing their content on YouTube, reports The Verge.
It should be noted that Spotify and YouTube provide music for listening only with the appropriate agreement with the labels. Spotify, for example, collaborates with Sony , Warner Music and Universal . The number of users of the service exceeds 60 million people, but only 15 million purchased a paid subscription. Therefore, Apple is profitable to withdraw it from the game and attract a multi-million dollar audience.
')
About three weeks ago, Megamind wrote that the Spotify service was preparing to receive $ 400 million from Goldman Sachs, the Abu Dhabi National Welfare Fund and several other sources. Attracting financing will raise the company's value to $ 8.4 billion. Spotify needs development to fight new competitors.
Such an active struggle is partly due to the fact that in the spring of 2015 the revenues of streaming audio services in the USA for the first time exceeded the revenues from CD sales. The streaming audio services market continues to grow.
Source: https://habr.com/ru/post/290304/
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