HomeBusinessGoogle admits Spotify pays no Play Store fees because of a secret...

Google admits Spotify pays no Play Store fees because of a secret deal

Published on

spot_img
Spotify Launches Vertical Video Feed | Pitchfork
  1. Google’s executive revealed that Spotify has a special agreement exempting it from Play Store fees for self-processed payments. When Google handles transactions, Spotify pays a reduced 4% fee, with both companies committing $50 million to a “success fund.”
  2. Typically, Google imposes a 15% fee on subscription apps in the Play Store, which can be lowered to 11% via programs like user choice billing, allowing developers to use external payment solutions.
  3. Google has struck individualized agreements with select developers investing significantly in Android and Play Store, offering distinct service fees along with substantial financial investments and cross-platform integrations.
  4. Beyond Spotify, Google pursued similar arrangements with companies like Netflix and reached settlements with Match Group for third-party billing. Insights from the Epic vs. Google trial have revealed Google’s attempts to negotiate deals with gaming giants like Epic Games, Activision Blizzard, and Riot Games.

Latest articles

Zepto claims 2nd spot in monthly active customers, surpasses JioMart

Zepto, a Bengaluru-based quick-commerce app, has surged ahead of JioMart in November, securing the...

Google unveils long-awaited Gemini AI model to Catch Up to OpenAI

Google released its advanced chatbot, Bard, underpinned by the new A.I. technology, Gemini, as...

Domestic electronics manufacturing up 4x to Rs 8.22 lakh cr in FY23 : IT Ministry

Over the last decade, domestic electronics manufacturing in India has witnessed remarkable growth, increasing...

MPL post Rs 814 crore revenue & around Rs 300 crore loss in FY23

The Indian entity of MPL reported Rs 814.2 crore in revenue from operations in...

More like this

Zepto claims 2nd spot in monthly active customers, surpasses JioMart

Zepto, a Bengaluru-based quick-commerce app, has surged ahead of JioMart in November, securing the...

Google unveils long-awaited Gemini AI model to Catch Up to OpenAI

Google released its advanced chatbot, Bard, underpinned by the new A.I. technology, Gemini, as...

Domestic electronics manufacturing up 4x to Rs 8.22 lakh cr in FY23 : IT Ministry

Over the last decade, domestic electronics manufacturing in India has witnessed remarkable growth, increasing...