United Kingdom: CMA publishes update paper on its study into competition in the music streaming market and opens consultation

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CMA publishes update paper on its study into competition in the music streaming market and opens consultation

On 26 July 2022, the UK Competition and Markets Authority (CMA) published an updated paper to its market study on music and streaming and opened a public consultation on its preliminary findings. The study aims to assess whether innovation is fostered and market power is well distributed and focuses on the role that record labels and streaming services play. Among the key findings is that digitisation has significantly facilitated the distribution of music and allows artists to reach more easily new audiences. Furthermore, the study finds that three major label companies are dominating the market, creating a concentrated market position. However, the CMA noted that the current market concentration is not harming consumers or artists and stated that the three major record companies and streaming services don’t gain excessive profits on a sustained basis. The stakeholders are invited to submit comments until 19 August 2022.

Original source

Scope

Policy Area
Competition
Policy Instrument
Unilateral conduct regulation
Regulated Economic Activity
streaming service provider
Implementation Level
national
Government Branch
executive
Government Body
competition authority

Complete timeline of this policy change

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2021-10-19
under deliberation

A study on competition in music streaming markets is announced by the UK Competition and Markets Au…

2022-01-27
under deliberation

On 27 January 2022, the UK Competition and Markets Authority announced a market study into music st…

2022-07-26
in consultation

On 26 July 2022, the UK Competition and Markets Authority (CMA) published an updated paper to its m…

2022-08-19
processing consultation

On 19 August 2022, the UK Competition and Markets Authority (CMA) closed the public consultation on…

2022-11-29
concluded

On 29 November 2022, the UK Competition and Market Authority (CMA) closed its market study into mus…