Government decline ER/BPI response to IPO update

19 February 2024 - Press release

BPI response to IPO update on research findings into interventions - and further working group looking at aspects of streaming


BPI Comments by Dr Jo Twist OBE, BPI Chief Executive

“This latest research evaluating the consequences of policy intervention in the UK streaming market concludes unequivocally that any ‘ER’ model interventions risk undermining the success of British music and would significantly impact labels’ ability to invest in new music and future talent - weakening their leverage in negotiating rights on behalf of the artists they represent."

“As the IPO research concludes, reinforcing other recent research, notably in the Netherlands and Sweden, any policy intervention would threaten the prospects of British music and would undermine the essential role that labels play in investing in and supporting artists. It risks making our music market much less competitive internationally at a time when our artists and labels already face an unprecedented global challenge.”