Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, If he will make an assessment of the potential merits of introducing a public body with powers to set the price of licences required to stream music similar to the Copyright Royalty Board in the US.
The prices of music streaming licences are the result of private, commercial negotiations and the Government plays no role in them.
The Government recognises the importance of understanding how rights holders are remunerated in the global streaming environment. The Intellectual Property Office (IPO) is working closely with the UK Council of Music Makers on a research project to investigate the flow of money from streaming to creators. This is due to report in summer 2021.