Just as publishers and the music industry thought that slick digital devices like Apple’s iPad would help future proof their industries, a potentially fatal blow has been struck, writes Emma Barnett.
It is believed Spotify is planning to use the fresh financing to help it crack the north American market
 Last week Apple announced    the terms of its new App Store subscription service, which has sent certain    publishers and music services into a panic.  
  This panic is not unjustified as under the new terms, which come into play at    the end of June 2011, Apple will take a 30 per cent cut from any content    publishers’ subscription revenues which have been generated via an app on    the Apple platform. Moreover Apple’s new terms forces publishers, which    offer a subscription or purchase option outside of their app, to offer the    same option, at the same price or less within the app – if they wish to stay    on the platform.  
  The US Justice Department and the Federal Trade Commission (FTC) are now    looking at Apple's new subscription terms to see if the tech giant is    breaking the law by insisting publishers use its subscription system to    collect payments from iPhone and iPad users.  
  If Apple stays true to its word, a major victim in all of this could be one of    Europe’s leading technology lights: Spotify, the hugely popular music    streaming service.  
  According to music boss, Ben Drury, the chief executive of 7digital, an online    music retailer, if Spotify was forced to give away 30 per cent of its    subscription revenues, it could potentially derail the whole company.  
 
 
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