Are music lovers getting raw deal from streaming, regulator asks

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The UK’s music streaming market is going through elevated scrutiny from the nation’s competitors watchdog three months after it first pledged to look into the business.

The Competition and Markets Authority is starting a research of how properly the market works for audiences with a concentrate on “potential hurt to shoppers,” it stated in a press release on Thursday.

“A vibrant and aggressive music streaming market not solely serves the pursuits of followers and creators however helps help a various and dynamic sector, which is of serious cultural and financial worth to the UK” stated CMA’s chief government Andrea Coscelli.

More than 80% of music is now streamed within the UK and the CMA desires to confirm whether or not additional measures could be wanted to bolster its competitiveness.

If the CMA finds issues, it stated it is going to contemplate what “motion could also be vital.” – Bloomberg



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