When the online store opens this fall, it will allow bands and labels of any size to sell songs online for whatever price they want.
For the independent-label bands and unsigned artists who have found MySpace to be an effective and inexpensive way to spread the word about their recordings and concerts, a store on the site will be an important outlet.
Surely this is a good thing, people? Surely this is just the thing that we've all been waiting for? The fact that News Corp will take their cut has got to be the least interesting thing about this development - this is a direct revenue stream into the pockets of the people what made the music.
I think the problem is that kids are broke and don't have the money to spend. [...]
Yeah, that's right: Western youth is living in penury. Every time I see them in their indentically distressed jeans, with nothing but a DVD-MP3-rumblepack-guitar to their name, the tears just start streaming down my face...
^I can see that, so let me break it down for you. Most of them don't give 2 shits about time or trouble or paying for something. If they can get it for nothing they will.
Well, 45 cents/45 % (whatever the truth is) is a fat cut for the middle men, and totally disproportionate considering it'll all be automated. I'd have thought that a more attractive model for unsigned artists would be something along the lines of 50 cents/download, with about 5 cents of that going to MySpace/SnoCap (the software people who will be handling all this), rather than vice-versa.