Apple’s upcoming iTunes Music streamer to duke it out with US antitrust regulators
Apple is prepping another music industry onslaught with its upcoming iTunes Music streaming service, bringing Beats Music into the fold, but the federal antitrust regulator is already on high alert about it, claim sources familiar with the matter.
Both the Federal Trade Commission and the Department of Justice are holding preliminary talks with various music industry execs in order to determine if there has been any armtwisting for participation. It's hard to fathom why, given that Apple is somewhat late to the music streaming service party, but, considering its $180 billion war chest, some caution is warranted.
The move comes hot on the heels of European regulators, the Competition Commission in particular, into unfair business practices from these same streamers, which are betting on the freemium model to attract subscribers for the sake of performing artists' royalties haul.
source: MacDailyNews
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