MySpace Music launch disappoints excluded indie labels
The launch of MySpace Music ran into controversy on Thursday after the leading independent music trade body complained that its small music label members had been shut out and treated like second class citizens. The new music site opened shop with millions of free songs for streaming and paid downloads, but without agreements covering hundreds of labels representing well-known artists like Franz Ferdinand, Tom Waits, Arctic Monkeys and Bjork. MySpace Music is a joint venture between News Corp's MySpace and the four major music companies: Vivendi's Universal Music Group, Sony BMG Music, Warner Music Group and EMI Music.