Indie Labels VS MySpace
Sometimes when you get too big, you start to forget about the little people. MySpace has been known to put themselves out as friends to independent music labels. They even go as far as pointing out that they’re responsible for bringing into the mainstream artists like the Arctic Monkeys, who are on an indie label. However, as of recently, things have changed. The site has now launched a new music service that has several indie record labels fuming as they think the site has sold out. The CEO of Merlin, an international licensing group representing over 12,000 indie labels says that MySpace “just seems to be a massive disconnect within that organization between the reality of what they are building and what they think they have built.” Reports show that “MySpace Music is a joint venture between the News Corp.-owned social network and the Big Four labels. MySpace has given its partners an equity stake in the new service, but not to Merlin and other independent labels.” I guess it’s all about the money.