Major record labels could face competition inquiry
The competition watchdog has been asked whether major record labels are distorting the market. …
It called for more research into the way musicians were paid and royalties shared, saying it would “assess different models” to see how they would affect the industry, including “equitable remuneration” – where labels and artists receive an equal share of streaming royalties, in contrast to the current arrangement, where artists receive about 16%.
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