Media giants are facing challenges on all sides, according to recent filings. TV networks like Fox (FOX, FOXA) and Comcast (CMCSA) are struggling as linear ad revenue enters a "free fall." Streaming also remains unprofitable for the majority of players, including Paramount (PARA), Disney (DIS), and Apple (AAPL), as costs rise and subscriber growth stalls. Yahoo Finance Senior Reporter Alexandra Canal joins the Live show to discuss media players' dilemma. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino
The move is the latest in an effort led by Spotify Technology against the iPhone maker's App Store policies, which some developers and firms regard as unfair. "Apple's new terms not only disregard both the spirit and letter of the law, but if left unchanged, make a mockery of the DMA (Digital Markets Act)," the group wrote in a letter to the European Commission.
The music streaming giant has accused the iPhone maker of not complying with the EU’s Digital Markets Act.