While Apple is in the middle of a feud with Epic Games over Fortnite And App Store terms, it seems like top American news publishers are joining in on the fight, too. Newspapers like The New York Times, The Washington Post, and the Wall Street Journal have asked Apple for their cut of in-app purchases to be reduced to 15%.
Currently, Apple charges a 30% commission on the first year of an in-app subscription. It then reduces its cut to 15% if the customer continues their subscription beyond that time, reported the Wall Street Journal.
In a letter to Apple Chief Executive Tim Cook on Thursday, August 20, a trade body representing the New York Times, the Washington Post, The Wall Street Journal, and other publishers wrote the outlets want to know what it would take for them to get better deal terms.
“The terms of Apple’s unique marketplace greatly impact the ability to continue to invest in high-quality, trusted news and entertainment particularly in competition with other larger firms,” stated the letter, which is signed by Jason Kint, chief executive of the trade body, Digital Content Next.
The letter is the latest shot in a high-stakes public battle over how much money developers must pay Apple when they sell content through apps distributed on the company’s devices. Epic Games, the maker of popular video game “Fortnite,” sued Apple and Alphabet’s Google last week after the companies removed the game from their app marketplaces, accusing them of monopolistic behavior.
Full Content: Bloomberg
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Nvidia’s $700 Million Buyout of Run:ai Gets EU Approval, Deal Finalized
Jan 1, 2025 by
CPI
Taiwan FTC Halts Uber’s $950M Foodpanda Buyout Over Antitrust Fears
Jan 1, 2025 by
CPI
White House Pushes for Stronger Healthcare Data Security
Jan 1, 2025 by
CPI
Microsoft’s Cybersecurity Bundles Draw Antitrust Inquiry
Jan 1, 2025 by
CPI
UK Watchdog to Review IBM’s $6.4 Billion Acquisition of HashiCorp
Jan 1, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – CRESSE Insights
Dec 19, 2024 by
CPI
Effective Interoperability in Mobile Ecosystems: EU Competition Law Versus Regulation
Dec 19, 2024 by
Giuseppe Colangelo
The Use of Empirical Evidence in Antitrust: Trends, Challenges, and a Path Forward
Dec 19, 2024 by
Eliana Garces
Some Empirical Evidence on the Role of Presumptions and Evidentiary Standards on Antitrust (Under)Enforcement: Is the EC’s New Communication on Art.102 in the Right Direction?
Dec 19, 2024 by
Yannis Katsoulacos
The EC’s Draft Guidelines on the Application of Article 102 TFEU: An Economic Perspective
Dec 19, 2024 by
Benoit Durand