Source · Select Committees · Culture, Media and Sport Committee
Recommendation 10
10
Deferred
Paragraph: 111
There is no doubt that the major music groups currently dominate the music industry, both...
Recommendation
There is no doubt that the major music groups currently dominate the music industry, both in terms of overall market share in recording and (to a lesser extent) in publishing, but also through vertical integration, their acquisition of competing services and the system of cross-ownership. We recommend that the Government refer a case to the Competition and Markets Authority (CMA), to undertake a full market study into the economic impact of the majors’ dominance (see paragraphs 129, 134 and 183 for further recommendations). The Government must also provide the CMA with the resources and staffing to undertake this case to ensure that it can dedicate the necessary resources to this work whilst not impacting the pre-existing work it is currently undertaking.
Government response summary AI-generated
The government acknowledges concerns about market dominance but states the CMA is an independent regulator and it is for them to decide on a market study, though they have written to the CMA on the recommendation, without committing to making the referral itself.
Paragraph Reference:
111
Government Response
The government responded to this report on 22 September 2021. No passage in that response could be matched to this recommendation. Read the response document ↗