The Competition and Markets Authority (CMA) has announced it will launch a market study into music streaming “as soon as possible” to “foster effective competition in digital markets”.

CMA chief executive, Andrea Coscelli, said: “The UK has a love affair with music and is home to many of the world’s most popular artists. We want to do everything we can to ensure that this sector is competitive, thriving and works in the interests of music lovers.

“Over the past decade, the music industry has evolved almost beyond recognition, with streaming now accounting for more than 80% of all music listened to in this country. A market study will help us to understand these radical changes and bui...

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