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...This is the first time in the streaming era that Universal has gone as far as removing its music from a tech company’s platform....
...It is one of the most significant financial penalties levied by the EU on big tech companies....
...Apple last month told music companies that it would pay up to 10 per cent more in royalties for songs produced in 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...
...For Google, creating a music product could help the company compete with rivals such as Microsoft, which has invested $10bn in leading AI company OpenAI, owner of the market-leading AI model known as GPT...
...Warner Music, the third-largest record company, last year announced it had struck a new deal with TikTok....
...The commission began its investigation into Apple in 2019 after music streaming app Spotify launched a complaint accusing the company of anti-competitive behaviour....
...At university in Albuquerque, he studied music composition....
...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....
...Featuring compositions spanning more than 40 years, the disc will feature a variety of string ensembles, a piano trio and a recent work for voice composed in 2020....
...On Friday, the drummer re-examines piano trio orthodoxy in the free-flowing company of pianist Aaron Diehl and Matt Brewer on double bass — the recent album Mesmerism and newly released Continuing indicate...
...At first glance, the €1.8bn fine for stifling competition in music streaming is not a lethal problem for the company....
...Like them, the new sports streaming companies hope that there is safety in numbers....
...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....
...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....
...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....
...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....
...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...
...Smartphone companies will not hand this market to newcomers....
...Apple already sells TV and music streaming, cloud storage, gaming, payments, advertising, etc. What worlds are left to conquer?...
...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...
...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....
...The company has crafted just about every truly memorable Nike campaign since, while also making ads for Coca-Cola, Procter & Gamble and Microsoft — companies that came to W+K for ideas and panache rather...
...EU regulators, who are preparing to fine the tech giant €500mn in March over allegedly favouring its music streaming app against competitors such as Spotify, are also being lobbied to reject Apple’s proposals...
...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....
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