MySpace Music Bridges The Indie Gap With IODA Deal

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MySpace Music has overcome a major hurdle in their bid to become a competitor to iTunes, inking a deal with indie conglomerate IODA, the Independent Online Distribution Alliance. IODA is home to hundreds of indie labels and will help expand the MySpace Music catalog by over one million songs. IODA houses labels like Arts & Crafts, Absolutely Kosher, Fat Cat Records and Rounder Records. While MySpace launched their music service with the support of all four major labels, the indies lamented that there was no deal in place to provide their rosters' artists to the service. The deal also puts to rest all those anti-trust allegations the indies were laying on MySpace Music when it launched. Financial terms of the IODA deal were not disclosed.

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