U.S. To Probe Apple's Beats Music Deal: Bloomberg
U.S. antitrust officials are scrutinizing Apple’s efforts to line up deals with record labels as it prepares to debut a new version of the Beats Music streaming service, according to Bloomberg.
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 the report.
Apple bought Beats last year hoping to win points with the music industry and turn Beats Music into a competitor to Spotify and other streaming services.
Apple and the FTC did not comment on Bloomberg's report.