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Music streaming market issues not the result of competition problems, says UK CMA

( November 29, 2022, 08:50 GMT | Official Statement) -- MLex Summary: Issues faced in the music streaming market are not the result of ineffective competition, the Competition and Markets Authority has said in its final report of a market study into the sector. Its study examined the music-streaming market, from creator to consumer, paying particular attention to the roles played by record labels and music-streaming services. As part of its assessment of how well the market is working for audiences, the CMA considered whether innovation is being stifled and if any companies hold excessive power. Statement follows. The report is attached....

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