EU to Fine Apple $538 Million Over Music Streaming Restrictions 🎶

The European Commission plans to impose a €500 million fine on Apple for limiting access to music streaming services, sparking a major regulatory showdown.

EU to Fine Apple $538 Million Over Music Streaming Restrictions 🎶
Benzinga
223 views • Feb 20, 2024
EU to Fine Apple $538 Million Over Music Streaming Restrictions 🎶

About this video

The European Commission is set to fine Apple nearly $538 million over restrictions on access to music streaming services on its platforms. This stems from a complaint filed by Spotify in 2019 that claimed Apple blocked music streamers from informing users about cheaper subscriptions outside the App Store. Spotify argued Apple's 30% app fee and control of the App Store gave its own Apple Music service an unfair advantage. The Commission found Apple's actions violated EU competition rules aimed at enforcing fair competition.

Video Information

Views

223

Duration

0:29

Published

Feb 20, 2024

Related Trending Topics

LIVE TRENDS

Related trending topics. Click any trend to explore more videos.