U.K. Parliament Launches Probe Into Streaming Music Industry

The U.K. Parliament has opened an inquiry into the economic impact of the streaming music industry, with a focus on whether artists are getting their fair share of income from platforms such as Spotify, Apple Music, Amazon Music and Google Play.

With streaming accounting for more than half of the global music industry’s revenue, the probe, announced last week (Oct. 15), will examine the question of how policy can “favor more equitable business models,” according to a statement by Parliament’s Digital, Culture, Media and Sport (DCMS) committee, which is handling the investigation.

The inquiry raises the specter of further regulation of streaming and highlights the long-term debate over music streaming platforms. While services like Spotify, which is now operating in 92 markets, offer consumers convenience and give the music industry the ability to reach markets around the world easier than ever before, many artists struggle to make a living … Read the rest