Westminster MPs to debate the economics of music streaming

music streaming on smartphone

The UK Committee for Digital, Culture, Media and Sport (DCMS) is asking for evidence to inform an up-coming debate the economic impact of music streaming on musicians, composers and the music industry.

As live music has all but shut down, having previously providing half the industry’s income and with physical sales and downloads also badly hit by Covid-19, streaming has become the dominant force in music distribution.

Subscription streaming also took a dip at the beginning of the lockdown, but this has recovered and streaming platforms earned over £1 billion from 114 billion UK streams over the last year.

Have your say

Individuals and organisations can submit written submissions by 6pm on 16 November 2020. The details of how to submit evidence can be found here.

For many musicians, streaming is now their only way of reaching their audience and many say the power of these platforms is not matched by their generosity.

As the inquiry announcement states, artists see only a tiny percentage of the income from streaming and that has precipitated the call for Parliament to act. The inquiry will look at the business models of Spotify, Apple Music, Amazon Music, Google Play and others.

The Committee will also discuss possible government action on music piracy in the wake of steps taken by the EU on copyright and intellectual property rights.

The inquiry is seeking the perspectives of industry experts, artists and record labels as well as streaming platforms themselves.

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