Apple Music is facing a number of challenges, including antitrust probes, concerns about pricing, and a strengthened foe in streaming music leader Spotify, and the service hasn't even debuted yet.
Apple music has a target on his back. The ten dollar month streaming music service was only announced Monday and it is already facing scrutiny from prosecutors. And competitors are ready to take it on. I'm sort of reporter come we didn't at the New York City offices of the state attorney general this state. Hyatt legal official auto in the probe into whether apple somehow colluded with the record labels off. Fort the record labels to sign on that apple music the state attorney general in Connecticut doing the thing. Has been accused of using unsavory tactics to squeeze out the competition before. Last year's settled the lawsuit that it worked with book publishers to illegally boost e-book prices and there's fear apple may be tried to do that again. This time. In the rapidly growing streaming music service. Another challenge the business model. Apple deciding not to offer a free ad supported alternative. To subscription service industry leader Spotify. Raising more than a few eyebrows since the overwhelming majority of streaming users like to get their music. Three still Spotify apparent post fight. Raising 150 million dollars from a Swedish Telecom firm on Wednesday and a total round of fundraising value the company at well over eight billion dollars. In a Wednesday blog post Spotify sense aren't up another ten million paying subscribers. Over the past year. Weight faster. And the five and a half years it took to sign up its first ten million. Bring total active users to 75 million apple the late to the game and possibly facing legal challenges. Has one major advantage over Spotify pandora. It has nearly 200 billion dollars in cash to throw around. Apple musicals lives. Legendary.