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--Apple Inc. (AAPL) is increasing its investment in podcasts which would be exclusive to its service, Bloomberg reports Tuesday, citing "people familiar with the matter."
--Apple has been negotiating to acquire exclusive rights to podcasts from media companies, the report said.
--An Apple representative declined to comment, the report said.
Full story: https://www.bloomberg.com/news/articles/2019-07-16/apple-plans-to-bankroll-original-podcasts-to-fend-off-rivals?srnd=premium
--Write to Stephen Nakrosis at email@example.com
(END) Dow Jones Newswires
July 16, 2019 15:52 ET (19:52 GMT)
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