Apple blames Spotify for €1.8 billion fine
On this week's show we discuss the €1.8 billion fine Apple has been ordered to pay by the EU following an investigation into claims of anti-competitive behaviour made by Spotify, and Live Nation's explanation of why everyone else in the music industry is to blame for rising ticket prices. SECTION TIMES 01: Apple v Spotify (00:06:26) 02: News in brief (00:20:48) 03: Live Nation (00:25:33) (Timings may be slightly different due to adverts) THIS WEEK'S MAIN STORIES • EU fines €1.8 billion at end of Spotify initiated competition law investigation • Apple hits out at EU competition ruling that “ignores the realities of a market” • Live Nation says rising ticket prices definitely not its fault NEWS IN BRIEF • WMG is toying with an offer for Believe that would wipe out Warner’s cash reserves - but is it serious, would Believe shareholders sell and can WMG afford to bet the farm? • Hipgnosis Songs Fund takes a haircut - and might have bigger problems to come • New US-wide TikTok ban proposed in Congress • Mean Millennials scrap streaming subscriptions, mail order music is booming - and Apple Music might be making £500 million or more in the UK • Raye wins record-breaking six BRIT Awards ALSO MENTIONED • Tidal phases out HiFi Plus tier, makes higher quality audio part of its standard subscription product • The Truth About Ticket Pries (Live Nation)