MMF & FAC response to CMA
29 November 2022 - Press releaseAnnabella Coldrick, Chief Executive, Music Managers Forum & David Martin, CEO, Featured Artists Coalition
"The CMA report today focuses on how music streaming has benefited consumers and does not find that a competition intervention would be beneficial. However, it acknowledges that other issues raised by artists, songwriters and managers, including fair remuneration and transparency, require a different kind of scalpel. We welcome the overriding conclusion that Government and policymakers should be driving forward reform.
"This should put a renewed focus on the ongoing pan-industry work being led by the IPO, and ensure that this activity delivers tangible changes in areas such as improved remuneration (whether through ER, contract adjustment or rights reversion), better transparency and progress on song data to get the right people paid fairly and quickly.
"If these outcomes fail to materialise, then the MMF, FAC and other creator-led organisations will call on the Government to intervene and fulfil their promise of legislative action."
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