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Hipgnosis response to Queen’s Speech announcement of draft Digital Markets, Competition and Consumer Bill

Merck Mercuriadis, Chief Executive and Founder of Hipgnosis Song Management, said: “Today’s announcement in the Queen’s Speech to bring forward the legal framework for the statutory Digital Markets Unit is a huge opportunity to redress the current imbalance in the music streaming market which favours digital platforms over Songwriters and Artists. By including digital music platforms, this new draft law will pave the way for a major boost to Songwriters, the UK’s music industry and its creative potential. This would be great news for Songwriters and music lovers alike.”

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