financetom
Business
financetom
/
Business
/
Spotify to add price information in its app on Apple devices in EU
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Spotify to add price information in its app on Apple devices in EU
Aug 14, 2024 4:46 AM

Aug 14 (Reuters) - Spotify ( SPOT ) will update its app

on Apple ( AAPL ) devices in the European Union on Wednesday to

include prices of its various plans and services, more than

three months after the iPhone maker rejected such a move.

That rejection was due to Spotify ( SPOT ) not accepting Apple's ( AAPL )

Music Streaming Services Entitlement, newly introduced terms

governing how music streaming apps in the European Economic Area

inform users of other ways to make purchases.

The Swedish audio streaming company said while it is now

accepting those terms, its iOS app will not give users an

external link to make purchases as it does not want to pay Apple ( AAPL )

a commission on such transactions.

Apple ( AAPL ) had said that accepting its music streaming terms did

not require an external link for payments.

"While this is progress, it's only a small step in the long

march towards giving iPhone consumers basic product experiences

they expect and deserve in their apps," Spotify ( SPOT ) said in a

statement.

Apple ( AAPL ) made it easier for music streaming apps to communicate

with users on iOS devices in the EU in early April, a month

after Brussels fined it 1.84 billion euros ($2 billion) for

thwarting competition from music streaming rivals via

restrictions on its App Store.

Apple ( AAPL ) did not immediately respond to a Reuters request for

comment.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Airbus shareholders meet amid strong jet demand
Airbus shareholders meet amid strong jet demand
Apr 10, 2024
(Reuters) - Airbus began an annual shareholders meeting on Wednesday basking in strong demand as rival Boeing ( BA ) grapples with a slew of recent crises, but facing supply chain challenges. Shares in the France-based company have risen 16% since the start of the year, while Boeing ( BA ) - dealing with the aftermath of a panel blowout...
Crypto trading concentration a 'considerable concern', says EU watchdog
Crypto trading concentration a 'considerable concern', says EU watchdog
Apr 10, 2024
LONDON (Reuters) - The high level of concentration in crypto trading, with Binance alone accounting for more than half the market, raises concerns about the impact a failure or malfunction would have on the sector, the EU's securities watchdog said on Wednesday. While this might be advantageous from an efficiency standpoint, due to economies of scale, it raises considerable concerns...
Germany's Mukran LNG terminal receives operating permit
Germany's Mukran LNG terminal receives operating permit
Apr 10, 2024
FRANKFURT, April 10 (Reuters) - Germany's Baltic Sea import terminal for liquefied natural gas (LNG) at Mukran on Ruegen island has received its operating permit under federal and state laws, private operating company Deutsche ReGas said on Wednesday. Deutsche ReGas is making an even greater contribution to the secure supply of gas to eastern Germany, its eastern European neighbours and...
Factbox-Swiss plans to make banks safer after Credit Suisse collapse
Factbox-Swiss plans to make banks safer after Credit Suisse collapse
Apr 10, 2024
BERN (Reuters) - Switzerland put forward on Wednesday proposals for UBS and three other systemically relevant banks aimed at protecting the country from a repeat of last year's Credit Suisse collapse. The government's 209-page report outlines 22 measures designed to strengthen current regulations for banks known as too big to fail (TBTF), after gaps were found in the existing rules...
Copyright 2023-2026 - www.financetom.com All Rights Reserved