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...Apple has never previously been fined for antitrust infringements by Brussels, but the company was hit in 2020 with a €1.1bn fine in France for alleged anti-competitive behaviour....
...TikTok hit a record $16bn in sales in the US in 2023, the FT reported last month....
...The Warner Bros movie studio created a music division in the 1950s. In 2004 parent company Time Warner sold the music division, but the group retained its copyrights to a trove of songs....
...Brookfield Asset Management has acquired the copyrights to Whitney Houston’s hit songs “How Will I Know” and “I Wanna Dance With Somebody (Who Loves Me)” as part of a $2bn push into music royalties in partnership...
...The European Union plans to hit Apple with a €500mn fine over music streaming, German companies make record investments in the US, and emerging market investors switch to ETFs that exclude China....
...The moves come after the commission hit Apple with a €1.8bn fine for preventing music streaming apps such as Spotify from informing users about cheaper deals....
...But it could prove to be music (possibly thrash metal) to the ears of activist investors and others who have griped about the inability of Tesla’s board to rein in Musk for years....
...Companies such as BMW and Ford enable cars to sync to smartphones, allowing drivers to play music or unlock their vehicle. Eventually, that could extend to autonomous driving controls too....
...His central case is a 10 per cent hit to earnings per share — a lot, for a company that is not growing earnings particularly quickly any more....
...It holds back, often ceding first-mover advantage to rivals, until it believes it has a sure-fire hit on its hands....
...The allure of the streaming entertainment era is the opportunity to consume shows and music à la carte. Media mergers and acquisitions should proceed similarly....
...Meta and Microsoft are also hit by the DMA, but spot an opportunity to grab a greater share of the around $27bn Apple made in 2023 from App Store sales, according to data from Sensor Tower....
...Access has also just invested further into A24, a film production house behind the hit film Everything Everywhere All at Once, with plans to back new films as well as a make-up brand spin-off....
...[MUSIC PLAYING] Marc FilippinoThe UK and the EU agree to work closely on migration and Japan’s stock market hit a high not seen in more than 30 years....
...Another allegation is that if you want to buy Amazon Prime, you get Prime Music, Prime Video and Prime shipping of packages. So that would be attacked as a tying arrangement....
...The biggest hit to the iPhone maker could come from a US antitrust trial against Google, where it emerged that the fellow tech giant had paid more than $26bn in 2021 to make its search engine the default...
...The value of online ticket sales to concerts, festivals and the opera will surge past pre-Covid levels to hit almost $34bn globally this year, estimates Statista Market Insights....
...The device, a small white square card reader, was then an instant hit with small businesses. Today, Square (now called Block) is more than a niche payment processor....
...[MUSIC PLAYING] JOSHUA FRANKLYN: In 2001, the share price almost hits $600 a share....
...Apple has sparked criticism because it can personalise adverts for users from its own “first-party” data, including downloaded music, books and films as well as in-app purchases and subscriptions....
...The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com...
...Data provider Nansen was hit with a data breach, it said on Friday....
...A hit to sales in Sony’s gaming division, the largest contributor to group revenue, would offset gains in its music and films businesses. The profits outlook would weaken further....
...In the June quarter, margins hit a record 44.5 per cent, up from 44.3 per cent a year ago and 37.6 per cent pre-Covid....
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