Topic: MySpace bids to pay musicians 'lost' royalties

[sam]

http://www.physorg.com/news183567929.html

Social networking site MySpace, which has enabled many artists to launch their careers, is now helping to pay them back millions of dollars in "lost" royalties for songs and performances.

[Simon]

I can't read the article, but I thought bands put their music on MySpace voluntarily?

[Rik]

They do, but they retain copyright.

[Simon]

So what royalties have they lost?

[Rik]

Performance ones, in effect. I'm not sure who is going to be generating the revenue, though.

[sam]

No - I'm very confused by how they will get their "lost" cash.

[Rik]

I can only think MySpace will share the advertising revenue with them in a ploy to get more bands to fall under Murdoch's spell.

[Simon]

Quite possibly.

[Rik]

It's very Murdoch in style...