The big deal between MySpace and the majors, much ballyhooed last week, has unsettled a lot of indie musicians and operators, not least digital distro The Orchard who want to know why Bono gets cash when the current set-up cuts out the hundreds of thousands of artists who made MySpace what it is:
"... Digital retail is fairer than physical brick-and-mortar retail ever was. iTunes ...helped to shift music industry dynamics towards a more level playing field...In that light, if reports are true, the apparent MySpace licensing approach is troubling. It hearkens back to a time none of us wants to revisit ... Where independent artists and labels were third-class citizens in the global music economy..."
This is a step beyond Billy Bragg's claims that Bebo should share some of its cash with musicians just because; MySpace's deal with the majors has offered some artists some revenue. There is no reason we can think of that smaller artists shouldn't have a share if the existence of a shareable revenue stream has been established.