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Streaming: Hulu CEO predicts major acquisitions by platforms within 2 years

Yahoo Finance entertainment reporter Allie Canal joins the Live show to discuss the timeline for consolidation by competitors within the streaming space. Read More...

Reuters

MercadoLibre files complaints against Apple for ‘anti-competitive practices’

SAO PAULO (Reuters) -E-commerce giant MercadoLibre Inc said on Monday it has filed complaints against Apple Inc with antitrust regulators in Brazil and Mexico for anti-competitive practices, accusing the U.S.-based firm of abusing what it called a monopoly in the distribution of apps for its devices. In a statement, the e-commerce giant said that Apple had imposed a series of restrictions on the distribution of digital goods and in-app purchases, including banning apps from distributing third-party digital goods and services such as movies, music, video games, books and written content. In the complaint, the South American company criticized the California tech giant for requiring developers who offer digital goods or services within apps to use Apple’s own payment system and stopping them from redirecting buyers to their websites.”This clearly harms its competitors, unless they are integrated digital giants themselves, who may even benefit from this artificial tilt towards integrated ecosystems,” Jacobo Cohen Imach, senior vice president of legal and public affairs said in a statement.

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