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The UK’s competition watchdog has found streaming has made the music industry challenging for many artists. The Competition and Markets Authority (CMA) said more than 80% of recorded music was now listened to via streaming, with more than 138 billion streams in the UK last year.
Members of the British Parliament had demanded a “complete reset” of the industry, amid “pitiful returns” for artists. They had called for the CMA to look into the power of the major players.
Although the primary focus of the report was on consumers, the watchdog found a small number of high-profile artists enjoyed most of the financial success while the majority made no substantial earnings.
CMA interim chief executive Sarah Cardell said: “For many artists, it is just as tough as it has always been – and many feel that they are not getting a fair deal.” But the report notes streaming has made it easier not only for listeners to access music but also for artists to record and share it.

Source: BBC Technology News

Date: September 15th, 2022

Link: https://www.bbc.com/news/technology-62305395

Discussion

  1. The issue here is that the digital distribution of music has led to “138 billion streams in the UK last year”, which is great for listeners, but “pitiful returns” for artists. Is this the fault of technology and digital distribution, is it the fault of the music platforms, or is it a good thing?
  2. Why is music “the first thing to get disrupted” (according to Chris Anderson, author of “Free!” and “The Long Tail”?

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