Spotify vs Apple Music | Who Stopped the Music? | 1
Business Wars
Audible
4.6 • 13.5K Ratings
🗓️ 1 April 2026
⏱️ 44 minutes
🧾️ Download transcript
Summary
It’s the late 2000s and the music industry dances to the beat of Apple iTunes. But two Swedish tech entrepreneurs are out to challenge Apple's dominance with their music-streaming startup Spotify. But to do that, they must facedown Internet pirates, record labels and Apple CEO Steve Jobs.
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Transcript
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| 0:00.0 | Audible subscribers can listen to all episodes of Business Wars ad-free right now. |
| 0:06.0 | Join Audible today by downloading the Audible app. |
| 0:31.2 | It's June 2015, and in his Southern California home, Jimmy Iovine jolts awake to the sound of his phone vibrating on the nightstand. |
| 0:38.5 | He squints at the clock. It's 6.30 a.m. Nothing good ever happens this early on a Sunday. |
| 0:44.4 | Iyevine is 62, wiry, intense, and a legend in the music business. |
| 0:51.3 | He's worked with Bruce Springsteen and U2, his record label Interscope Discovery M&M at Lady Gaga, |
| 0:58.0 | and he co-founded Beats with Dr. Dre. Now, he's helping launch Apple Music, |
| 1:05.1 | which is scheduled to go live in just nine days. For years, Apple's iTunes store dominated digital music, but now Spotify's disrupting that model entirely, ushering in the streaming era. |
| 1:12.5 | Apple hopes to use Apple Music to claw back the ground it has lost to its Swedish rival. |
| 1:20.4 | Iovine reaches for his phone. |
| 1:22.9 | It's Eddie Q, the senior vice president in charge of Apple Music. |
| 1:27.1 | Eddie? |
| 1:27.8 | Jimmy, have you seen Taylor Swift Apple Music. Eddie? Jimmy. |
| 1:28.5 | Have you seen Taylor Swift's Tumblr post? |
| 1:31.2 | No. |
| 1:32.0 | I was sleeping. |
| 1:33.9 | It's not great. |
| 1:35.3 | I'll text you the link. |
| 1:38.2 | Aivine puts on his thin-framed glasses and pulls up Swift's Tumblr page. |
| 1:43.6 | On it, the pop star declares that contrary to |
| 1:46.7 | reports, her latest album 1989, won't be available to stream on Apple Music. And she explains why, |
| 1:55.2 | because Apple won't pay artists and labels during the service's three-month free trial. |
... |
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