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The DCMS inquiry into the economics of music streaming is entirely misplaced argues Shain Shapiro. What is needed is a complete overhaul of the industry.

In the U.K., there is an ongoing soap opera, via the DCMS Digital, Culture, Media and Sport Committee’s enquiry into music streaming. Here’s the session. What it shows is that we don’t just need a review into streaming. We need a review of the entire music ecosystem.

Streaming is very complex, and there are smarter people than me who analysed the session (read Tim Ingham, Stuart Dredge or Eamonn Forde). The crux is that streaming — like all business — has winners and losers.... Keep reading on Forbes.