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Title: News: Apple’s cut of streaming music rivals’ profits sparks antitrust inquiry Post by: HCK on July 13, 2015, 09:00:26 pm News: Apple’s cut of streaming music rivals’ profits sparks antitrust inquiry
The Federal Trade Commission is looking into whether Apple’s cut of profits taken from rival streaming music apps violates antitrust laws, Reuters reports. Apple takes 30 percent of the $10/month subscriptions sold through iOS apps for streaming music competitors like Jango, Spotify, Rhapsody and others, leading those companies to complain that the higher-than-normal cut Apple takes forces them to charge more than they do on other platforms… Source: News: Apple’s cut of streaming music rivals’ profits sparks antitrust inquiry (http://www.ilounge.com/index.php/news/comments/apples-cut-of-streaming-music-rivals-profits-sparks-antitrust-inquiry) |