Thursday, July 10, 2008

Last.fm to compensate artists; Myspace labled sellouts



UK-based Social Music site Last.fm announced today that they would start sharing ad revenue with artist on their site. Last.fm will give artist a cut of the ad revenue from ads displayed on their site next to the artist's streaming music. Both big and small artist will receive a revenue share from Last.fm (unlike Myspace who only cuts deals with the major record labels). More information on this announcement can be found on Wired.

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