Quote:
Originally posted by Ironhorse
Actually this is when they are desperate and are throwing millions out in an attempt to turn the landslide over...but it's too late..
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True of Farmclub, which was always owned by Universal. But not true of MP3.Com, which originally raised hundreds of millions on the idea that indie artists could be profitable on the net -- back during the dot com craze.
But, since MP3.Com couldn't make money on indie artists, they then tried to become a major label by ripping off major label music. They were then sued for copyright infringement and lost (a $100 million judgement, among others) --- forcing them to pay major damages and, eventually, to sell out to Universal. Emusic also couldn't cut it as an indie site and, I believe, sold out to Universal as well.