The UK's Competition & Markets Authority (CMA) has concluded its market study into music and streaming services by deciding not to undertake a full market investigation, considering that the outcomes from streaming "are good for consumers."

"We have found that it is unlikely that the outcomes that concern many stakeholders are primarily driven by competition," reads the final report from the CMA. "Consequently, it is unlikely that a competition intervention would improve outcomes overall...

$5.9 billion

That's the total revenue for fiscal year 2022 posted by Warner Music Group, up 12% over the year before. OIBDA reached $1.1 billion, up 13% year-on-year. 

$511 million

That's how much Elton John's 'Farewell Yellow Brick Road' tour has grossed worldwide, according to trade magazine Pollstar. John played 164 shows with more than 3.6 million tickets sold. The tour ended with a three night sold-out series of concerts at Los Angeles' Dodger Stadium.

CAS$ ...

“As streamers have proliferated, they have really ended back-end participation, and so this is partly an effort to try to recapture some of that value and share it in a way that’s more equitable. Not just writers and directors and stars. But also cinematographers, editors, costume designers and other crucial artists who, in my view, are very underpaid.”By US actor and filmmaker Ben Affleck in an interview with The New York Times as he just announced plans to create a new production company with...