Apple owes $7 billion in royalties to Qualcomm since halting payments because of its ongoing dispute with the mobile chip maker over unfair licensing practices, according to a court hearing on Friday (via Bloomberg).
Apple began withholding the payments through its manufacturers last year, after the tech giant filed a lawsuit against Qualcomm claiming that the chipmaker was charging unfair royalties for „technologies they have nothing to do with.“ However, Qualcomm maintains its technology „is at the heart of every iPhone,“ and that the royalties are entirely valid.
„They’re trying to destroy our business,“ Qualcomm [...]
A few days after Norwegian news site Dagens Næringsliv accused subscription music service Tidal of being months behind on royalty payments, as well as falsifying and inflating streaming numbers, Music Business Worldwide now reports that Tidal has learned of a „potential data breach“ on its platform.
Tidal CEO Richard Sanders said in a statement that when the company learned of the potential data breach it „immediately“ began trying to uncover the source, while also reporting it to authorities and taking „proactive“ steps to strengthen the service’s security. Tidal’s measures in the wake of the discovery also include hiring an [...]
Subscription based music service and Apple Music competitor Tidal is months behind on its royalty payments to record labels according to a report from Norwegian news site Dagens Næringsliv that was translated by Music Business Worldwide.
Multiple sources have said that Tidal has not making timely payments to „three major international companies,“ claims confirmed by two Norway-based labels: Propellor Records and its distributor, Phonofile, a company owned by Sony.
Phonofile CEO Sveinung Rindal said that reports of delayed payments are correct, while Propeller Recordings CEO Frithjof Boye Hungnes said the company had not been paid since October. [...]
Following an FTC complaint alleging Qualcomm engaged in anticompetitive patent licensing practices, Apple has filed a lawsuit against Qualcomm claiming the company has charged unfair royalties for „technologies they have nothing to do with.“
According to a statement Apple shared with several news sites, Qualcomm „reinforces its dominance“ through exclusionary tactics and high patent licensing fees. Apple’s full statement is below:
„For many years Qualcomm has unfairly insisted on charging royalties for technologies they have nothing to do with. The more Apple innovates with unique features such as TouchID, advanced displays, and [...]