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)