Mr. Sachin Mishra, Young Professional (Law) presently working in Competition Commission of India
ABSTRACT
Present article outlines an analysis of the growing debate around the world about the increasing concerns in the Music Production and Streaming industry. The article analyses the issue in detail and steps taken by Competition and Markets Authority (CMA) of United Kingdom (U. K.) to address this issue.
Introduction:
Global music streaming services market (including music creators - songwriters and performing artists, music companies - recording and publishing companies, and streaming service providers - platforms and suppliers of commercial contents) is one of the fastest growing new age economy markets now-a-days. With the growth and penetration of world wide web, advancement of digital communication technologies, increasing use of smartphones, decreasing data cost, the music streaming services market have been experiencing an unprecedented surge in recent years in its all dimensions such as popularity, number of service providers, subscription schemes, revenue and market size, etc. No doubt expansion of the sector has growth impetus but, the possibility of emergence of competition concerns also cannot be ruled out. However, it may be noted that till date no competition jurisdiction world over has initiated any anti-trust proceedings concerning this sector. Recently, in January 2022, the Competition and Markets Authority (CMA) of U. K. has initiated a market study of the music streaming markets, inter alia, to understand the adverse effects of expansion of the market on the interest of the consumers and the steps to be initiated to prevent such adverse effects, if any. Through this article an attempt has been made to address the trends of global and Indian music streaming services market and the emerging competition concerns.
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