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...Universal, which controls a third of the world’s music, last month stopped licensing its music to TikTok after a year of tense negotiations....
...It was launched after music-streaming app Spotify made a formal complaint to regulators in 2019....
...Apple introduced spatial audio to its music streaming service in 2021, at no additional cost to subscribers. Amazon’s music service also offers spatial audio....
...Next month, the EU is also set to impose its first fine — which people familiar with the matter suggest will be in the region of €500mn — for allegedly breaking EU law over access to its music streaming...
...Google, Universal Music and Warner Music declined to comment....
...Universal Music is set to pull its songs from TikTok after a breakdown in negotiations over payment, which would remove the social media platform’s access to music from stars such as Taylor Swift, The Weeknd...
...She said this amounted to abuse of the group’s dominant position for music streaming on its App Store....
...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....
...Today’s moves come a few weeks after the EU fined Apple more than €1.8bn for stifling competition from rival music streaming services in a long-running case dating from 2021....
...The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com...
...At first glance, the €1.8bn fine for stifling competition in music streaming is not a lethal problem for the company....
...Amazon, Microsoft, Meta, Google parent Alphabet and music streaming service Spotify are among the companies that have signalled plans to strike such a balance this year....
...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....
...EU antitrust regulators fined Apple €1.8bn earlier this month over “steering” policies that prevent rival music streaming apps such as Spotify from directing customers outside of its App Store to make payments...
...Making calls and listening to music is already possible. Consultancy Precedence Research expects telecoms to be the largest market for AI hardware....
...Services revenue — which includes its App Store, Apple Pay, and TV and music streaming — has been a continuing success story and an increasingly important source of growth for the company as its hardware...
...Apple already sells TV and music streaming, cloud storage, gaming, payments, advertising, etc. What worlds are left to conquer?...
...Some advocates say these allegations might finally bring a Me Too-type reckoning for the music industry....
...Bo knows football … ”) while showing the athlete’s sense of humour by ending on a line from the music legend: “Bo, you don’t know Diddley”....
...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....
...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....
...Warner Music: buying something huge at the right time at the right price. Len certainly has got the appetite.”...
...When he first showed off the iPhone, Jobs pitched it as the perfect device for three things: making phone calls, browsing the web and listening to music: an App Store did not figure in the equation....
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