Antitrust Antitrust

Music industry dominated by majors, but no excess profits means no need for longer probe, UK CMA says

By Victoria Ibitoye
  • 26 Jul 2022 13:26
  • 26 Jul 2022 13:26
Spotify, Apple, Amazon and YouTube dominate the UK’s streaming market but aren’t making any excess profits, the country’s competition watchdog has said in an update on its study of the music sector.

As a result, the Competition and Markets Authority said a market investigation into the sector is not necessary, but

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