Apple's Beats Music Draws Antitrust Scrutiny Over Deals With Record Labels

1 min read
This story originally appeared on Reuters

Apple Inc's move to line up deals with record labels is under U.S. antitrust scrutiny as the iPhone maker prepares to debut a new version of the Beats Music streaming service, Bloomberg reported, citing people familiar with the matter.

The Federal Trade Commission (FTC) is examining if Apple is using its position as the top seller of music downloads through its iTunes store to put rival music services like Spotify Ltd at a disadvantage, according to Bloomberg.

Apple bought Beats last year hoping to win points with the music industry and turn Beats Music into a strong competitor to Spotify and other streaming services.

Apple and the FTC did not immediately respond to requests seeking comment outside regular business hours.

(Reporting by Avik Das in Bengaluru; Editing by Gopakumar Warrier)

More from Entrepreneur
Our Franchise Advisors will guide you through the entire franchising process, for FREE!
  1. Book a one-on-one session with a Franchise Advisor
  2. Take a survey about your needs & goals
  3. Find your ideal franchise
  4. Learn about that franchise
  5. Meet the franchisor
  6. Receive the best business resources
Discover the franchise that’s right for you by answering some quick questions about
  • Which industry you’re interested in
  • Why you want to buy a franchise
  • What your financial needs are
  • Where you’re located
  • And more
Make sure you’re covered for physical injuries or property damage that occur at work by
  • Providing us with basic information about your business
  • Verifying details about your business with one of our specialists
  • Speaking with an agent who is specifically suited to insure your business

Latest on Entrepreneur