BBC, the government has asked the Competition and Markets Authority (CMA) to consider an investigation into the top three labels: Sony, Warner and Universal Music.It has also suggested that the CMA looks into YouTube’s dominance over the music streaming market.Over the summer, MPs stressed the need for a “complete reset” of the music industry to address the “pitiful returns” that artists receive.
It came as part of a report from the Economics Of Music Streaming inquiry.The Digital, Culture, Media and Sport (DCMS) Select Committee had previously heard evidence from the likes of Radiohead, Elbow, Nadine Shah.
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