Are music lovers getting raw deal from streaming, regulator asks


The UK's Competition and Markets Authority is looking into the music streaming services, to see how it's effecting the public with its massive popularity. — ETX Studio/Daily Up

The UK’s music streaming market is facing increased scrutiny from the country’s competition watchdog three months after it first pledged to look into the industry.

The Competition and Markets Authority is beginning a study of how well the market works for audiences with a focus on "potential harm to consumers,” it said in a statement on Thursday.

"A vibrant and competitive music streaming market not only serves the interests of fans and creators but helps support a diverse and dynamic sector, which is of significant cultural and economic value to the UK” said CMA’s chief executive Andrea Coscelli.

More than 80% of music is now streamed in the UK and the CMA wants to verify whether further measures might be needed to bolster its competitiveness.

If the CMA finds problems, it said it will consider what "action may be necessary.” – Bloomberg

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

   

Next In Tech News

India to press ahead with strict cybersecurity rules despite industry concerns
Google's Russian subsidiary to file for bankruptcy after bank account seized
Musk wars with Twitter over his buyout deal – on Twitter
Analysis-Elon Musk can't easily give Twitter the boot over bots
Saudi Arabia's wealth fund takes 5% Nintendo stake
Microsoft seeks to dodge EU cloud computing probe with changes
Analysis: Zombie unicorns - Indian startups go from feast to famine
Want to delete embarrassing old messages on social networks and messengers? Here’s how
Azmin Ali: Amazon Web Services expected to make major investment in Malaysia to develop data centres
Tech war: China bets on open-source RISC-V for chip design to minimise potential damage from ‘being cut off’ by US sanctions

Others Also Read