Britain’s competition regulator launches investigation into music streaming market

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 92%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Britain’s competition regulator said it launched the investigation to establish whether innovation in the music streaming market is being stifled and if any companies hold excessive power

“The CMA study will examine the music streaming market, from creator to consumer, paying particular attention to the roles played by record labels and music streaming services,” it said.

Artists have long complained that they do not receive a fair share from streaming platforms and last year a U.K. parliamentary committee warned that the ties between music majors and streaming platforms could stifle innovation in the sector.In the United Kingdom more than 80 per cent of recorded music is now listened to via a streaming service rather than traditional physical media such CDs and vinyl records.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines