Ed O’Brien, the Radiohead guitarist, told the inquiry that while it “has always been tough ... I think it is ever more murky now with the lack of transparency”The “all you can eat” streaming market needs a complete overhaul to prevent it jeopardising the future of the British music industry, an investigation by MPs has concluded. An eight-month select committee inquiry said musicians and composers made “pitiful” earnings while three major record labels had reported record profits. SponsoredThe MPs called for an investigation by the competition watchdog into the domination of the industry by the labels and a handful of technology companies running streaming services such as Spotify and YouTube. He said platforms such as YouTube had an

Source: The Times July 14, 2021 23:02 UTC