October 2021

"The UK's major record labels could face an inquiry into whether their practices are distorting the music market.

The government has written to the Competition and Markets Authority (CMA) asking it to consider an investigation into Sony, Warner and Universal Music.

It has also asked the watchdog to consider YouTube's dominance over the streaming market.

The move comes after MPs demanded a "complete reset" of the music industry, amid "pitiful returns" for artists.

The Culture Select Committee issued the call in a damning report this summer, after hearing evidence from musicians such as Nile Rodgers, Elbow and Radiohead in a six-month inquiry into music streaming."