What is the UK’s problem with the majors? And when will songwriters stop being fooled by streaming?
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Welcome to the latest episode of Talking trends, Music Business Worldwide’s weekly podcast – where we take a look at the headlines of two major news stories affecting the entertainment industry.
This week host Louise Porter and MBW founder Tim Ingham discuss a hostile regulatory environment for major record labels in the UK market.
On Tuesday, October 19, the British Competition and Markets Authority (CMA) announced that it was launching a unilateral “market study” on streaming and the market power wielded by the majors.
The study follows a damning report on the majors of British politicians earlier this year – and comes as the CMA is also investigating Sony Music’s acquisition of AWAL.
Also in this episode: Music publishers and composers brace for a fierce legal battle with “Big Tech” over the royalty rates streaming services pay songwriters in the United States.
Porter and Ingham discuss the likely defining arguments behind this clash – and the numbers that show why songwriters are the lowest paid part of the music industry today.
Companies mentioned in this week’s Talking Trends episode include: Amazon, Apple, AWAL, Google, Kobalt, NMPA, Sony Music Group, Warner Music Group, Universal Music Group.
People mentioned in this week’s Talking Trends episode include: David Israelite, David Joseph, Jason Iley, Merck Mercuriadis, Tony Harlow.
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