EU Fines Apple Nearly $2 Billion Over Music Streaming Rules - Barron's

Barron's reports on European regulatory action against Apple over App Store restrictions on efforts to inform consumers about cheaper alternatives.

"Apple ... has been fined more than €1.8 billion ($1.95 billion) by the European Commission over 'abusive App Store rules' for music streaming providers. 'In particular, the Commission found that Apple applied restrictions on app developers preventing them from informing iOS users about alternative and cheaper music subscription services available outside of the app ("anti-steering provisions"),' ... 'This is illegal under EU antitrust rules.' Apple has appealed ...."

Apple argued that Stockholm-based Spotify is the decision's biggest advocate and beneficiary.

— Barron's/SCW 3.4.24

Additional Reading:

> Apple Fined Nearly $2 Billion by EU for Breaking Music Streaming Rules - Barron's 3.4.24

> Apple hit with $2 billion EU antitrust fine in Spotify case - Reuters 3.4.24

> Apple Fined $2 Billion in One of Europe’s Largest Antitrust Actions; A yearslong probe found the iPhone maker restricted app developers from telling users about other ways to subscribe to music-streaming services. - WSJ 3.4.24

> Apple's $2 Billion Fine Heralds a New Antitrust Dawn - Bloomberg 3.4.24

Key Words: Apple, Online Music, Streaming, EU, European Commission, Spotify

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