The Competition and Markets Authority releases its latest report into the impact of streaming.
The UK's competition watchdog has found streaming has made the music industry challenging for many artists.
But the report notes streaming has made it easier not only for listeners to access music but also for artists to record and share it.The report addresses the claim most artists are paid far too little for music streams and the business model benefits only big labels and star acts.Spotify is believed to pay between £0.002 and £0.0038 per stream, Apple Music about £0.0059.
"We are incredibly lucky to be able to do this full time for the moment," Wilcox said, "but it is always very tenuous - and this is coming from two artists who profit from the masters, the performance rights and live shows.More artists than ever before are releasing music, the report says, but this does not mean more are successful.
But the watchdog rejected this because "our initial findings have not identified any significant concerns in terms of consumer outcomes relating to music streaming".
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