UK competitors watchdog places music streaming in its sights

Britain’s competitors regulator stated on Tuesday it deliberate to launch an investigation into music streaming to see whether or not the function performed by platforms comparable to Spotify created a good deal for customers.

Britain’s Competition and Markets Authority has taken an more and more proactive function within the regulation of digital markets, with investigations already launched into the facility wielded by Google, Facebook and Apple in several elements of the digital ecosystem.

It stated on Tuesday it might now flip its sights to music streaming which, in Britain, accounts for 80% of music consumption and is dominated by the likes of Spotify, Apple Music, Amazon and YouTube.

It stated the sector had modified past recognition within the final 10 years.

“A market study will help us to understand these radical changes and build a view as to whether competition in this sector is working well or whether further action needs to be taken,” CMA Chief Executive Andrea Coscelli stated.

A market examine is used to look at a sector and determine if an intervention is required. Outcomes can embrace asking the federal government to vary rules, encouraging companies to self-regulate, taking motion in opposition to corporations and a full, in-depth investigation.

This story has been printed from a wire company feed with out modifications to the textual content. Subscribe to Mint Newsletters * Enter a legitimate e mail * Thank you for subscribing to our e-newsletter.

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