UK government refers major labels to competition regulator
Posted on: 22 septembre 2021, by : Stuart Dredge

The UK is one step closer to a full-blown competition investigation into the three major labels.
The British government has accepted one of the recommendations of the recent UK parliamentary inquiry into music-streaming economics: to make a referral to regulator the Competition and Markets Authority (CMA).
We say ‘one step closer’ because the CMA is an independent body: the government can’t order it to investigate a particular sector or company, it can only make referrals to it. The CMA will now decide whether to launch a probe into “the economic impact of dominance by the major music groups”.
It is already in the second phase of an investigation of Sony Music’s acquisition of AWAL, having concluded in the first phase that the deal raised competition concerns.
We covered the report from the Digital, Culture, Media and Sport (DCMS) committee that held the recent inquiry in July: you can read our analysis of its recommendations here, and if you’re really keen, you can read our free ebook gathering our coverage of the entire inquiry and the wider debates about artists and streaming.
The post UK government refers major labels to competition regulator appeared first on Music Ally.
Source: Music ally

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