MySpace Music Goes Live; All Majors On Board

From Digital Music News at www.digitalmusicnews.com/stories/092408myspace

MySpace Music is now opening its eyes to the world, the beginning of an aggressive experiment by labels, artists, and the social network. The early-morning launch includes participation from all four majors, including EMI Music, an eleventh-hour partner. As expected, those majors will carry an equity stake in a joint venture structure, and receive payout percentages on related advertising and purchases. The independent collection is far less complete, at least at launch. The Orchard is among the early participants, though discussions with other groups remain ongoing. More at www.digitalmusicnews.com/stories/092408myspace

David Nevue
The Music Biz Academy
http://www.musicbizacademy.com
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