Apple Music Holds Prices as Spotify Raises Them Apple Music maintains its current subscription prices while rivals, including Spotify, its biggest rival, hike prices.—musicinafrica.net Apple Music Cuts Free Trial to One Month from Three Apple Music has reduced the free trial period for new subscribers from three months to one month.—business-standard.com Spotify Sets Long-Term Revenue … Continue reading A Game in the Market for Music Streaming
Category: MIT7
Prices, Profits, and Industry Performance
Keywords: Perfect competition, Monopoly, Monopolistic competition, Oligopoly, Games, Strategies, Economic profit
Parkin 14e Chapters 12, 13, 14, 15
Bade-Parkin 9e Chapters 15, 16, 17, 18
Parkin-Bade Canada 11e Chapters 12, 13, 14, 15
Parkin-Bade Australia 2e Chapters 15, 16, 17, 18
Parkin-Powell-Matthews 11e Chapters 11, 12, 13, 14
Live Nation Violated Antitrust Laws
A federal jury found that Live Nation, owner of Ticketmaster, acted as a monopoly, overcharging $1.72 per ticket. It pressurized venues to use Ticketmaster for ticket sales. It controls 70% of government-identified major venues and 86% of ticket sales. A breakup may be proposed.—nytimes.com
The Highly Competitive Dairy Farming Market in Britain
Britain’s dairy farming industry is producing a large quantity of milk, and prices have fallen sharply in recent months. Economic losses have led many dairy farmers to exit the industry. Around 7,000 dairy farmers remain, including Kelly Seaton, a dairy farmer in Cheshire, who continues to operate despite losses.—economist.com Some Data The Questions Who is … Continue reading The Highly Competitive Dairy Farming Market in Britain
A Record Year for Airlines Is Not What It Seems
In 2025, airlines are expected to earn just $7.90 per passenger, yet total profits may reach $40 billion, according to IATA. As Boeing and Airbus struggled to raise production, airlines operated older aircrafts, increasing fuel and maintenance costs amidst rising demand.— economist.com
Warner Bros. Discovery Chooses Netflix Over Paramount
Warner Bros. Discovery (WBD) rejected Paramount’s bid and accepted Netflix’s offer for its streaming and studio assets. A key concern with Paramount’s proposal was the large amount of debt required. Antitrust authorities are expected to focus primarily on the paid streaming market when evaluating such mergers.—ft.com Market Data The U.S. paid streaming market shares (2025) … Continue reading Warner Bros. Discovery Chooses Netflix Over Paramount
Patents on Semaglutide Due to Expire Next Year
Patents on semaglutide—the active ingredient in Wegovy and Ozempic, the widely popular weight-loss treatments made by Novo Nordisk, a Danish pharma giant, are due to expire next year.—economist.com
GM’s Latest Tariff Hit: $ 1.1 Billion
GM’s imported vehicles have faced a 25% tariff since April, while automotive parts have had tariffs since May. These costs cut $1.1 billion from Q2 profit. GM has no immediate plan to raise prices to offset tariffs.—cnn.com
The Construction Industry in the United States
Large construction firms in the United States (500+ workers) are four times more productive than firms with fewer than 20 workers. The industry has been slow to adopt robots that could handle tasks like bricklaying, welding, and material handling.—economist.com
Canada’s Hudson’s Bay Company to Close All Stores
Canada’s Hudson’s Bay Company plans to close all brick-and-mortar stores as it struggles with declining foot traffic amidst competition with online retailing.—reuters.com
The Pacific Coast Producers
New tariffs on steel are increasing costs for companies like Pacific Coast Producers, which uses steel to package canned fruits and tomatoes for major U.S. grocers, hospitals, and schools. The company is now considering passing these additional costs on to buyers.—reuters.com