Fairness Rocks News Major record companies feel the heat as UK competition watchdog launches new study into music streaming


Fairness Rocks News Major record companies feel the heat as UK competition watchdog launches new study into music streaming

Home Industry News Major record companies feel the heat as UK competition watchdog launches new study into music streaming

Author: Tim Ingham

Date: October 19, 2021

Original Source: Music Business Worldwide

Industry News

Major record companies feel the heat as UK competition watchdog launches new study into music streaming

The major music companies will not be fond of this news.

Last month, the UK government responded to a major label-bashing report about the economics of streaming with a notably laissez faire series of recommendations.

These recommendations included a suggestion that the UK’s Competition and Markets Authority (CMA) should unilaterally decide whether (or not) to conduct a new market study into streaming, and the power of the major record companies.

Read More: https://www.musicbusinessworldwide.com/major-record-companies-feel-the-heat-as-uk-competition-watchdog-launches-new-music-market-study/