The House Of Commons Digital, Culture, Media and Sport (DCMS) Committee is to investigate the impact of streaming.
MPs will examine how music streaming is effecting artists, record labels and the sustainability of the wider music industry economically.
The committee will also consider whether the government should be taking action to protect the industry from piracy in the wake of steps taken by the EU on copyright and intellectual property rights.
The inquiry is seeking the perspectives of industry experts, artists and record labels as well as streaming platforms themselves.
Earlier this week, YouGov study for the #BrokenRecord campaign concluded that 77% of the public thought artists are not being paid enough from streaming, while 76% felt songwriters were also underpaid.