UK MPs are set to investigate the economic impact that music streaming is having on creatives in the music industry, including artists, record labels and more.
The Digital, Culture, Media and Sport Committee will be examining the issue as they are set to look into business models of major streaming platforms including Spotify, Apple Music, Amazon Music and Google Play, in order to determine the fairness towards those who create the music.
Over £1 billion was generated in revenue in the UK last year, with the inquiry – which is set to be held in November – noting that artists can receive as little as 13% of the money generated.
MP Julian Knight and Committee chair said they will be taking a look at whether “the economics of streaming could in future limit the range of artists and music that we’re all able to enjoy today”.
A UK Parliament statement went on to add: “The Committee will also consider whether the government should be taking action to protect the industry from piracy in the wake of steps taken by the EU on copyright and intellectual property rights.”