Apple Music Attracts Over 11 Million Trial Subscribers In A Month

The regulators are also seeking information from Spotify and other music streaming services on the restrictions Apple places on apps offered through the store, Re/code said, citing people familiar with the situation.

European Union-focused newswire MLex reports that the EU’s antitrust probe into Apple’s launch of a music service and its dealings with music labels, appears to find no evidence of wrongdoing – but keeps open the files while Spotify continues to negotiate a renewal with Universal Music. The third option is to pay $14.99 monthly for a family of up to six to enjoy the service.

Apple shares were down 4 cents at $114.84 in early afternoon. It was reported at that time that several music labels had been sent questionnaires requesting information about agreements between the labels and Apple ahead of the planned summer launch of the company’s own music streaming service. Competing services have complained this policy forces them to charge more or sacrifice profits.

EURO regulators had previously investigated whether APPLE and the major labels teamed up to lock out rivals.

Apple Music is the stuff every music junkie ever dreamed of, and it’s precisely what the Cupertino-based tech giant promises to deliver when it rolled out the app in over 100 countries, including the Philippines, last June 30.

“I think it’s unlikely that they are going to dominate this category like they dominated the download business”, he said. The service, which came in the form of an iOS app, aggregated video across cable providers and streaming services and offered recommendations via an algorithm that impressed Apple.

It said it has now paid developers nearly $33 billion.

Apple set a high-water mark for App Store customers in China in July.

Although App Store transactions are on the rise, Apple still draws the majority of its revenue from sales of hardware such as its blockbuster iPhone.