UK music streaming services not making excessive profits, says watchdog

CMA's findings will disappoint many artists who have struggled to make a meaningful income from streaming

The world's biggest record labels and streaming services are not making excessive profits at the expense of artists struggling to make a living from the digital music revolution, a long-running investigation by the UK competition watchdog has concluded.

The Competition and Markets Authority said artists' concerns about low returns were understandable, but intervening in the market would be unlikely to help.