Is music industry consolidation the next big antitrust fight?
Posted onAuthorAnthony J. GrosseComments Off on Is music industry consolidation the next big antitrust fight?
By Gerard Scimeca (April 15, 2022, 4:52 PM EDT) – The music industry has recently come under significant antitrust scrutiny. The Department for Digital, Culture, Media and Sport – the UK equivalent of the US Federal Trade Commission – recently launched an investigation into streaming profits that do not pass from labels to artists, performers and composers.
Meanwhile, stars such as Mick Jagger and Paul McCartney are demanding that labels give artists a fair share of profits.
Increased music industry market concentration
Anyone who’s ever collected vinyl probably has a fondness for the days when you could hold a record in your hands and notice the distinct character of the album…
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