Apple's deals with music labels examined by European regulators
Apple’s deals with music labels are being examined by EU regulators, according to a report by the Financial Times. A number of music companies have received questionnaires about their agreements with the iPhone maker. These are thought to concern the launch of Apple’s upcoming music streaming service, which is built off the back of its $3 billion acquisition of Beats and thought to be launching this summer.
The FT notes that this sort of scrutiny is usually triggered by a formal complaint to the European Commission — which deals with competition issues and represents the interests of the EU as a whole — although at this point, the probe is only exploratory and does not mean that the EU has launched an official antitrust investigation.
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Source:: The Verge
