Known as the Digital Markets Act (DMA), the law designates companies as \u201cgatekeepers\u201d if they have a monopoly in the digital economy. In September, the EU revealed the first six members of the club: Alphabet, Amazon, ByteDance, Meta, Microsoft,\u00a0 and \u2014 you guessed it \u2014 Apple.<\/span><\/p>\n The gatekeepers were given six months to comply with the DMA. In Apple\u2019s case, one of the requirements is ending the mandatory 30% fee for in-app purchases.\u00a0<\/span><\/p>\n Spotify has long rallied against the charge, which the company says it has to pass on to consumers. Last year, the streaming giant decided that the benefits weren\u2019t worth the cost. Spotify announced that it would no longer allow Premium customers to pay for service service through Apple\u2019s in-app purchases.<\/p>\n With the DMA, however, users will get new options. When the rules come into force on March 7, Spotify plans to offer an array of extra services in the app.<\/p>\n \u201cFor years, even in our own app, Apple had these rules where we couldn\u2019t tell you about offers, how much something costs, or even where or how to buy it. We know, pretty nuts,\u201d the company said in a Wednesday\u00a0<\/span>blog post<\/a>. \u201cThe DMA means that we\u2019ll\u00a0finally<\/i>\u00a0<\/span>be able to share details about deals, promotions, and better-value payment options in the EU.\u201d<\/p>\n Spotify bills the changes as a win-win: customers will get a better service, while the company will receive more business and lose a loathed fee.<\/p>\n That\u2019s the plan, at least \u2014 but it\u2019s not guaranteed to succeed. Apple has yet to reveal precisely how it will comply with the DMA. If recent history is anything to go by, the iPhone-maker will search for ways to circumvent the restrictions.<\/p>\n For now, however, Spotify has reasons to be cheerful \u2014 and so does the EU. Amid escalating concerns about the impending AI Act, the DMA is showing the potential benefits that tech regulation can bring to consumers.\n <\/p><\/div>\n If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n If you want to read more like this article, you can visit our Technology category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n\n
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