An advertisement for Apple Music is placed on a street in New York.
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Apple on Tuesday renamed its flagship radio station, Beats 1, to Apple Music 1. It also introduced two new radio stations, Apple Music Hits and Apple Music Country.
Shares of Spotify, which competes with Apple Music, dipped some light into premium trading. Spotify has made huge investments in its platform, especially in places like podcasts. It recently purchased the Joe Rogan podcast and another one launched by Michelle Obama.
Spotify has commented on Apple’s App Store rules, which require it to earn a 30% revenue cut through subscriptions made through the app on Apple devices. “We applaud Epic Games’ decision to take a stand against Apple and shed more light on Apple’s abuse of its dominant position,” Spotify spokesman Adam Grossberg said in a statement to CNBC last Thursday.
Spotify also filed a complaint in March 2019 with the European Commission’s anti-trust regulators, claiming that Apple Music has an “unfair advantage” over rivals.
Apple Music Hits streams “the greatest songs fans know and love from the ’80s,’ 90s and 2000s,” the company said. In addition to daily hosts on air, Apple will host exclusive shows from the Backstreet Boys, Snoop Dogg, and Meghan Trainor. Another new station, Apple Music Country, will offer both modern and classic country songs. Musicians like Luke Bryan, Carrie Underwood and Luke Combs will be attending some shows.
Apple said it will continue to invest in its radio programming.
Apple Music is available on most platforms, including iPhone, Android, Apple TV and Macs. It is also available through your web browser.
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