MySpace Music Won't Give Equity to Indie Bands

By Eliot Van Buskirk

Three of the four major labels have become partners in MySpace Music, which will extend MySpace's current musical offerings to merchandise, song downloads and more. Listening Post cited concern on the part of The Orchard, an aggregator of indie bands and labels, that the indie bands who built MySpace as a music destination would not be made partners in MySpace Music. Money generated from advertising on indie bands' profile pages will flow, in part, to the major labels. Wasn't the internet supposed to be about routing around this sort of damage?

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