Committee calls for investigation into whether competition in the recorded music market is being distorted
Music streaming needs a “complete reset”, according to a damning parliamentary report that calls on the UK competition watchdog to investigate the commercial power wielded by major record labels.
The Department for Digital, Culture, Media and Sport (DCMS) committee inquiry, which started in October 2020 and took evidence from musicians including Nile Rodgers, reported that unless artists received a larger share of revenues, the UK’s music landscape could be transformed within a decade.
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