Parliament probes the economics of streaming

CMU’s Andy Malt and Chris Cooke review key events in music and the music business from the last week, including the announcement that the culture select committee of the UK Parliament is opening an inquiry into the economics of music streaming, and the music industry's positive response to the number of venues, festivals and other music organisations who will receive support from the Culture Recovery Fund. SECTION TIMES 01: Streaming inquiry (00:05:38) 02: Culture Recovery Fund (00:27:44) (Timings may be slightly different due to adverts) STORIES DISCUSSED THIS WEEK • Parliament’s culture select committee to investigate the economics of music streaming • UK music industry welcomes Culture Recovery Fund support for numerous venues and festivals, though COVID challenges remain • The Lexington still in perilous position despite receiving Culture Recovery Fund grant ALSO MENTIONED • BTS management company Big Hit proves a big hit on the South Korean stock market • CMU and MMF's 'Dissecting The Digital Dollar' project • UK govt advert encouraging re-skilling for cyber jobs implodes spectacularly (The Register) • Government job retraining recommendations website offers little hope for musicians MORE FROM CMU • Book your place on CMU's Autumn Webinars • Buy the new Dissecting The Digital Dollar book on Amazon • Sign up to receive the CMU Daily news bulletin