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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....
...However, TikTok continues to gain better engagement from its more than 1bn active users worldwide....
...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...
...Polestar last year sold about 54,000 cars worldwide, although it remains heavily lossmaking....
...Saudi Arabia has poured billions of dollars into sport worldwide, taking major interests in football, motorsport and boxing....
...As a result, the commission increased the total fine to €1.84bn, which Vestager said amounted to 0.5 per cent of Apple’s worldwide turnover....
...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...
...I was basically doing music education. These kids were very, very poor, but music was their thing. I couldn’t speak much Spanish. And when words fail, that’s where music begins.”...
...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....
...The remainder of this money was earned by publishers and songwriters, with performing rights staging a resurgence as restaurants, shops and concerts bounced back strongly following worldwide lockdowns....
...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 rapidly evolving technology is making it easier and cheaper to deliver high-quality campaigns. But where does that leave creatives?
...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....
...and melodies resonate with people worldwide.”...
...Mothers and daughters, worldwide, seemed to agree. By the 1980s, Barbie sales exceeded $1bn; by the 2000s, they had topped $3.5bn....
...But Wagner’s music just cruised along. The big climactic outbursts leapt out, of course, but again without special urgency....
...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....
...Even now it is hard to fathom that it happened: a star-studded line-up pulled together in little over a month; a concert that played out for 16 hours across two continents and that was watched, worldwide...
...Let’s put aside the fact that Google’s Android mobile operating system controls 70 per cent of the market worldwide (and 40 per cent in the US)....
Movie version of $1.4bn worldwide jaunt has attracted more than $100mn in advance bookings
...A free programme of music, theatre and food called In the Neighbourhood runs alongside....
...Even Apple, which has cultivated itself as a luxury brand that also makes must-buy products for millions of people worldwide, may have struggled to break into this market....
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