MySpace-Imeem Deal Leaves Indie Artists Unpaid 124
azoblue writes with news that following MySpace's acquisition and shutdown of imeem, independent artists who sold their music through imeem's Snocap music storefronts (on MySpace and other sites) won't be paid what's owed them. More than 110,000 artists are believed to be affected. The crux of the problem is that MySpace acquired only a certain portion of the assets that were imeem — "the domain name and certain technology and trademarks" — and not imeem’s outstanding debts, including the money imeem owed to artists under the Snocap relationship. According to the article, some artists have been owed money for more than a year. "Napster creator Shawn Fanning co-founded Snocap in 2002 to let artists sell their music through an embeddable storefront widget. At one point, the service was marketed as the exclusive way for artists to sell music on MySpace. Imeem bought Snocap last summer. But because MySpace left most aspects of Snocap out of its acquisition of imeem’s assets, all 110,000 or so of those storefronts are gone. The server that hosts them is offline and so is the Snocap website."
Re:They're indie artist for a reason. (Score:3, Funny)
You take that back before I give you the Celine Dion Limited Edition Discography including audio of her interviews and outtakes!
Re:Meet the new boss (Score:3, Funny)
No, I think it was camouflage for their total inadequacy when it came to running a business.
Re:Myspace is fast losing relevance (Score:3, Funny)
It's Facebook for even bigger losers.
Re:That's insolvency (Score:5, Funny)
Re:They're indie artist for a reason. (Score:3, Funny)
Your threat is feeble. I have recordings of Britney Spears singing without AutoTune, which I understand are prohibited by the Hague Convention...
They stole from artists? (Score:4, Funny)
Better get the RIAA after them! Oh, wait...
Re:Class Action (Score:2, Funny)
Re:Good indie music? (Score:1, Funny)
Sir, I'd appreciate it if you could tell me where to find your lawn. I have the strange urge to get off it.
Re:Myspace is fast losing relevance (Score:2, Funny)
Re:Good indie music? (Score:0, Funny)
"So please don't mistake "commercial potential" for quality, because the ones that decide that are the same ones that gave us pop idol crap and mall band pretty boy o' the week"
You mean like, T-Pain, Eminem, Britney Spears, Disturbed, Celine Dion, Rihanna, Nickleback, Diddy, 3 Doors Down, etc?
Re:Good indie music? (Score:2, Funny)
Quite so, as far as I can tell indie means;
Drummer can't play in time.
Guitarist plays 6 or 12 string Rickenbacker or gretsch, which is always slightly out of tune.
Ditto Bass player.
Any relationship between what comes for the vocalists mouth and singing is purely coincidental.