Why Spotify is still fighting with Apple in Europe [Verge, The]
Spotify Technology S.A. Ordinary Shares (SPOT)
Last spotify technology s.a. ordinary shares earnings: 4/29 06:00 am
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Source: Verge, The
Share this story Over the past couple of months, Spotify has been submitting update after update to Apple, changing the interface of its music streaming service to display pricing information in-app for users in the European Union. For users, this is barely worth noticing. But for Spotify, each submission has been yet another skirmish in its yearslong legal struggle with Apple in the EU. And right now, Spotify is the closest it's ever been to getting Apple to finally cave. In March, the European Commission ruled against Apple in an antitrust action over App Store restrictions on music streaming services. In 2019, Spotify filed an antitrust complaint against Apple, claiming that the App Store's cut of subscription fees — which can be up to 30 percent — stifled innovation and harmed consumer choice. The Commission ultimately agreed with Spotify and hit Apple with a €1.84 billion (about $2 billion) fine. It also determined that the company's anti-steering rules are illegal and order
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News
- Spotify used this one word to justify a 50% cut in royalties, music creator lawsuit alleges [Fortune]Fortune
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- Sony Profit Outlook Misses Estimates as PS5 Appeal Wanes [BNN Bloomberg (Canada)]BNN Bloomberg
- US Music Streaming Services Industry Research 2024: Queued Up!!! - Increased Internal Competition will Affect Industry Profit Growth [Yahoo! Finance]Yahoo! Finance
SPOT
Earnings
- 4/23/24 - Beat
SPOT
Sec Filings
- 5/17/24 - Form 144
- 4/29/24 - Form 144
- 4/26/24 - Form 144/A
- SPOT's page on the SEC website