Record labels welcome UK competition authority report on streaming

A spokesperson for the BPI, which represents independent and major record labels across the UK, welcomed what it called “the CMA’s objective, evidence-based report which confirms that the streaming market is competitive”. The BPI added that the org believes the industry is “delivering fans accessible and affordable music and artists greater choice in an environment in which many more are succeeding and where artist and songwriter royalty rates have increased”.

Source: Record labels welcome UK competition authority report on streaming, as Merck Mercuriadis slams CMA for not using ‘powers they have to fix the problems they identify’

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