UK record companies may question whether their behavior is distorting the music market.
The government has written to the Competition and Marketing Committee (CMA) to consider an investigation into Sony, Warner, and Universal Music.
He also asked the watchdogs to examine YouTube’s potential in the streaming market.
The move comes after lawmakers called for a “complete overhaul” of the music industry, amid a “sad comeback” for artists.
The select committee launched the call with bad news this summer, after hearing testimony from musicians including Nile Rodgers, Elbow, and Radiohead in a six-month investigation into the music scandal.
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Julian Knight, the committee chairman, said that when water “brought great value to the music industry, the art behind it – actors, songwriters, and songwriters – and lost it.”
He asked the CMA to analyze the business potential of major labels, fearing that they would gain valuable insight into playlists and store faces at the expense of freelancers and freelancers.
In a government response, the government said it could “benefit” from such a market study, but it was up to CMA to decide whether to continue it.
He added: “We have written to the AMC to get this advice.
The British Broadcasting Industry (BPI), which represents the UK-based music industry, has said it will follow up on any questions that may arise.
He said: “If the CMA is to conduct this study, we look forward to demonstrating the role of naming in promoting the work of UK government officials in complex environments.
The Culture Committee’s statement, released in July, later became a critique of the UK music industry.
While accolades have helped protect the music industry, after two decades of unwarranted acquisitions, record companies and compositions have finally “gained organizational value to achieve a similar unpredictable situation” in their market. , did he declare.
In its response, the government said the nominating committee’s question provided a “critical understanding” of music but “there is still work to be done to understand the problems with music.”
He called for further consideration of ways to reward musicians and share royalties, saying he would “explore different types” to see how they affect the industry, including “discounts.” unlike the current setup, where designers get around 16%.
The lawmakers’ statement said the writers had received a substantial sum of money from the award-winning project after songwriter Fiona Bevan revealed she was only given £ 100 for the song and album number single Kylie Minogue disco.
“Now the singers are hitting Ubers,” he asked. “That’s a shame”
In its response, the government said it would work with Credit – a program initiated by Abba Bjorn Ulvaeus – to ensure that authors receive credit and appropriate compensation for their play.
He also believes that the appointed committee that created the playlists and services such as Spotify and Apple Music should adhere to the “code of conduct” to avoid corruption and favoritism.
Mr. Knight echoed the government’s response, saying, “Our inquiries with the music industry revealed a serious problem within the music industry itself.
“It is a testament to all those who testified in our investigation that the government accepted our report as an important moment ’for the music industry.