UK Competition Watchdog Shelves Full-Scale Probe into Music Streaming Industry: A Missed Opportunity for Songwriters
Over the last six months, the air in the UK music industry had been thick with anticipation and apprehension, as rumors swirled about the possibility of a full-scale investigation by the Competition and Markets Authority (CMA) into alleged power imbalances within the music streaming business. This growing unease was particularly noticeable among major music companies,…