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Battle between Apple & Spotify intensifies

Yahoo Finance’s Dan Howley joins Akiko Fujita to discuss the acrimonious relationship between Apple and Spotify.

Video Transcript

AKIKO FUJITA: Meantime, we're talking-- you're watching Apple and Spotify closely. These are two companies that have had a rocky relationship in the past. What's the very latest there?

DAN HOWLEY: Yes, so out of Wednesday's hearing, Apple had a large amount of documents come forward. And these are a pair of letters between Apple's general counsel and Spotify's general counsel basically going back and forth. Apple threatening to delist Spotify's app from the app store, and then Spotify basically saying, look, the only reason why you might want to be doing this is to have illegal unfair advantage over us as far as businesses go.

Because we offer a product that competes directly with your product. And so this, kind of, speaks to the reasoning behind Spotify pushing antitrust investigations into Apple. They've been one of the main app developers who has been doing that both here in the US by speaking with authorities with the DOJ as well as through the hearings, and then also in the EU where they have filed complaints with the European Commission, that's the antitrust watchdog over there.

So really this, kind of, letter just provides a lot of color to how that relationship, kind of, began to fall apart and why it really does seem quite acrimonious.