The world’s leading indie labels are furious with their perceived treatment at the hands of the formerly edgy start-up now News Corp. owned MySpace.
Indies are furious that MySpace’s new music service – a service in which major labels own a stake – won’t offer independents the same kind of level playing field. In essence, each time an independent label sells some music, the major labels each makes some money. That’s making the indies pretty mad.
MySpace Music launched without deals in place for the independent labels, though it does have some arrangement with leading music aggregator, The Orchard. Now the indies are speaking up – and, as reported on the BBC – are threatening to boycott MySpace. (Does this mean MySpace has become a place for major label bands? A&R departments may have to seek unsigned acts elsewhere….)
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