A recently released enquiry by the UK government’s department of digital, culture, media, and sport (DCMS) into the economics of the music business and streaming, highlighted the major flaws within the industry and called for a complete reset of music streaming to fairly reward music creatives.
Chair of the DCMS Committee Julian Knight MP said:
“We have real concerns about the way the market is operating, with platforms like YouTube able to gain an unfair advantage over competitors and the independent music sector struggling to compete against the dominance of the major labels.”