MySpace Music Already Facing Anti-Trust Allegations

September 18, 2008 4:33 PM ET

Before the service has even launched, MySpace Music is already facing possible legal woes, as anti-trust allegations have emerged. MySpace Music, a music retailer that hopes to become "the internet's MTV," will boast both the backing of its parent company News Corp and three of the four major music labels, thus encompassing about 70% of the recorded music industry. This has independent labels crying foul after being frozen out of the new site. It wouldn't be the first time the indies impeded on potential blockbuster mergers: Both Sony/BMG and Warner/EMI mergers were interfered by those menacing indies. MySpace Music does offer a service where indie labels could upload their music, but thus far labels have found themselves either unable or blocked from uploading their catalogues. Thus, the indies are asking the European Commission to look into MySpace's worldwide venture.

Related Stories:
MySpace Music Readies for Liftoff as Music Industry Holds Breath
Long-Awaited MySpace Music Store Launching Soon
MySpace Friends Three Major Labels, Readies Launch of Music Service

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Song Stories

“American Girl”

Tom Petty and the Heartbreakers | 1976

It turns out that a single with "American" in its title--recorded on the Fourth of July during the nation's Bicentennial, no less--can actually sell better in Britain. Coupled with the Heartbreakers' flair for Byrds jangle and Animals hooks, though, is Tom Petty's native-Florida drawl that keeps this classic grounded at home. Petty dispelled rumors that the song was about a suicidal student, explaining that the inspiration came from when he was 25 and used to salute the highway traffic outside his apartment window. "It sounded like the ocean to me," he recalled. "That was my ocean. My Malibu. Where I heard the waves crash, but it was just the cars going by."

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