MPs to examine the economic impact of streaming on the music industry
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nme.com‘Economics of music streaming’ inquiry expected to be held at the end of November.The Committee will look at “the business models” operated by such streaming giants as Spotify, Apple Music, Amazon Music and Google Play.
Over £1 billion in revenue was generated from 114 billion music streams in the UK last year, with the inquiry noting, however, that “artists can be paid as little as 13% of the income generated”.“The Committee will also consider whether the government should be taking action to protect the industry from piracy in the wake of steps taken by the EU on copyright and intellectual property rights,” a UK Parliament statement adds.As well as gathering the perspectives of industry experts, artists, record labels and the streaming.
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