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UK competition watchdog launches probe into music streaming market

© Reuters. FILE PHOTO: A man wearing headphones looks at the view, as the spread of the coronavirus disease (COVID-19) continues, in Brighton, Britain, November 10, 2020. REUTERS/Peter Cziborra

(Reuters) – UK’s competition regulator said on Thursday it was launching a probe into the country’s music streaming market to check whether innovation was being suppressed and if any firms were holding excessive power.

The “study will examine the music streaming market, from creator to consumer, paying particular attention to the roles played by record labels and music streaming services,” the Competition and Markets Authority said in a statement.

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