In response to the Competition & Markets Authority final report on music and the streaming market, BPI comments:
“We welcome the CMA’s objective, evidence-based report which confirms that the streaming market is competitive – 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.
As the most definitive analysis of these issues to date, this report will help inform the work that we and industry are already doing in partnership with Government to further strengthen British music and ensure the UK remains competitive globally.
The report reinforces our view that the most effective way to enable even more artists to have a sustainable career in music is for labels to keep investing in talent and grow the market.”
