Apple blames Spotify for €1.8 billion fine

On this week's show we discuss the €1.8 billion fine Apple has been ordered to pay by the EU following an investigation into claims of anti-competitive behaviour made by Spotify, and Live Nation's explanation of why everyone else in the music industry is to blame for rising ticket prices.SECTION TIMES01: Apple v Spotify (00:06:26)02: News in brief (00:20:48)03: Live Nation (00:25:33)(Timings may be slightly different due to adverts)THIS WEEK'S MAIN STORIES• EU fines €1.8 billion at end of Spotify initiated competition law investigation• Apple hits out at EU competition ruling that “ignores the realities of a market”• Live Nation says rising ticket prices definitely not its faultNEWS IN BRIEF• WMG is toying with an offer for Believe that would wipe out Warner’s cash reserves - but is it serious, would Believe shareholders sell and can WMG afford to bet the farm?• Hipgnosis Songs Fund takes a haircut - and might have bigger problems to come• New US-wide TikTok ban proposed in Congress• Mean Millennials scrap streaming subscriptions, mail order music is booming - and Apple Music might be making £500 million or more in the UK• Raye wins record-breaking six BRIT AwardsALSO MENTIONED• Tidal phases out HiFi Plus tier, makes higher quality audio part of its standard subscription product• The Truth About Ticket Pries (Live Nation)