Wednesday, November 18, 2009
I've been reading so much about the high fees major record labels are charging legitimate music licensing websites that play music for free. Wired has summed up the many stories I've been hearing in one article. Ad supported music sites can't keep up with the licensing payment. The piece sites MySpace Music, imeem, MOG (had to implement a $5 a month subscription fee), Spotify (which might not be able to launch here in the same fashion it did in the UK) and Google who are all losing or plan to lose money due to the fees owed the music companies. YouTube is the only licensed, free, on-demand music service that should break even. If these sites shut down, it would narrow the ever shortening playing field to an even more select group of places to hear music.