DCMS Committee Chair welcomes CMA’s urgent competition inquiry on music streaming
19 October 2021
DCMS Committee Chair Julian Knight has welcomed the decision by the CMA (Competition and Markets Authority) to carry out a full market study into music streaming and the dominance of the major music groups.
The CMA announced today it will carry out work to consider and develop the final scope of the market study before formally launching it as soon as possible.
DCMS Committee Chair Julian Knight MP said:
“We welcome the decision by the CMA to urgently carry out a competition inquiry into music streaming and the dominance of the major music groups.
“That the CMA has made this a priority is a big result for the DCMS Committee, endorsing one of the key recommendations of our inquiry into music streaming.
“Our investigation exposed fundamental problems within the structure of the music industry itself. This action marks a key step forward.”