Is WMG regretting its MySpace Music deal?


TechCrunch is suggesting that Warner Music Group is hopping mad about its deal with MySpace Music in the US, because the deal “has no per song streaming cost, but includes a revenue share on advertising displayed when the song is played”. In other words, the rival majors are getting sacks of loot for the billions of song streams on MySpace Music, and WMG isn’t.We’re sceptical, to say the least – WMG isn’t in the habit of cutting over-generous deals for the likes of MySpace, surely? But TechCrunch says the label is already strapping on the knuckledusters for the negotiations when its deal is up for renewal.

Written by: Music Ally