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The music streaming model is in need of a “complete reset” in order to properly reward musicians and songwriters, an inquiry has concluded. The Digital, Culture, Media and Sport Committee’s report on the economics of streaming warns “pitiful returns” from the current system are impacting the “entire creative ecosystem”. It says some successful and critically acclaimed musicians are seeing “meagre returns” from their work and non-featured performers on songs are being “frozen out altogether”. Nile Rodgers gave evidence to the inquiry (House of Commons/PA) The report also raises “deep concerns” about the position of the major music companies in the market, and calls on the Government to refer the case to the Competition and Markets Authority (CMA) to launch a market study into the “economic impact of the majors’ dominance”.

United kingdomAndrew matthewsGuy garveyHorace trubridgeTed obrienLyor cohenNadine shahGeoff taylorPaul pacificoTom grayNile rodgersYui mokCommittee julian knightAssociation of independent musicSport committee tom grayIvors academy