Indie News - Myspace Music
by Risa Dickens
This from MTV: the new Myspace Music venture brought to you by McDonalds, Toyoto, News Corp and the major labels is (shockingly) not looking super great to indies so far….
The very online service that has been such a boon for independent music artists is now facing criticism for allegedly freezing those same artists out of the picture with its new music venture. MySpace Music is drawing fire for its deal with major labels and threats of a possible antitrust action that could scuttle the venture before it even opens shop, according to a report in the British tech journal The Register.
The trouble is over the deal cut between MySpace parent company News Corp. and three of the four major music labels that control 70 percent of the U.S. recorded music business. The site, which has not yet announced a launch date and is still reportedly without a CEO, will offer unlimited free streams, DRM-free downloads (some free and some for a fee), ringtones, concert tickets and merchandise, most of it underwritten by four title sponsors announced earlier this week: McDonald’s, Sony Pictures, Toyota and State Farm. The site has already drawn a projected valuation of $2 billion based on the MySpace cred and the high-profile partners.
But it is the partnership with Sony BMG, Universal and Warner Music Group that has independent labels saying they feel like they’ve been frozen out, according to The Register. No indie record company has inked a deal with MySpace Music.
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Published on: September 21st, 2008
Terms Used: indie news
About: Risa Dickens
Risa co-founded Indyish with Elran Oded.
Aside from experimenting with these monstrous/sexy formations, producing Indyish events and developing new and existing Indyish endeavors, and trying to figure out how to do it armed[...]
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Myspace Music looks great, however, right now I’m using http://www.deezer.com/en and it’s AWESOME! A huge catalogue, a great interface, and quite good focuses on emerging artists! Great!
Posted on September 23rd, 2008 at 5:19 am [permalink]
well thanks matt, it did make me happy to see emiliana torrini when i first got to deezer..
Posted on September 23rd, 2008 at 6:14 pm [permalink]