The competition watchdog will investigate the UK’s biggest music streaming platforms.
This news comes after MPs demanded that the streaming industry be ‘completely reset,’. As a result, the CMA has now confirmed that the investigation will begin.
Julia Knight, the chair of the DCMS committee, stated: “That the CMA has made this a priority is a big result for the DCMS Committee, endorsing one of the key recommendations of our inquiry into music streaming. Our investigation exposed fundamental problems within the structure of the music industry itself. This action marks a key step forward.”