Merlin finally seals the deal with MySpace Music
Having sniped at MySpace’s streaming music service ever since its launch after being left out of initial licensing negotiations, Merlin finally has a deal with MySpace Music. That means its member labels – which Merlin says account for 10% of the global music market – will see their music added to the site’s catalogue.
The exact details of the deal have not been disclosed, but Merlin’s announcement says it involves “a plan tailored specifically for the independent music community that offers Merlin what it has sought from the outset – an opportunity to participate in and benefit from the financial growth of MySpace Music”.
An equity stake? Merlin does say that it will have a nominee who can attend and participate in MySpace Music board meetings. “MySpace Music values the support of the independent community and it has been a top priority for us to create a program that would reward their steadfast support of the service,” says MySpace Music boss Courtney Holt. “I am thrilled to have a plan in place that will allow them to reap additional financial benefits from their support and loyalty.”
Tags: merlin, myspace music
