Indies Slam MySpace But Keep Their Pages Updated
Major voices in the independent label community are crying foul over the deal MySpace Music is offering them that does not include the equity afforded the four major labels. But their displeasure has not extended to the pages they maintain on the popular social networker.
Koch Records decried the "smoke and mirrors" of MySpace’s launch announcements rejecting the "cold embrace" of a service it dubbed "MajorSpace", but updated its MySpace page just yesterday.
- German digital distributor Finetunes called the deal "hardly fitting" and questioned how well MySpace would do if indies pulled out. But their own page is still posted and was updated just days ago.
- Beggars Banquet‘s Martin Mills called the MySpace Music offer "both disappointing and astonishing", but his company still has pages for both its UK and French label groups.
Ironically, because these companies have not signed deals with MySpace, Koch, Beggars, Finetunes and the artists they display and stream on their will not share in the ad revenue generated.