Last•FM paying royalties to Indy Musicians
In another upset to the big players Last•FM has decided to pay royalties to small music labels and individual musicians who upload music to their their service. At the moment 70.000 of such artists are signed up on Last•FM and have uploaded 450.000 tracks in total.
If you are signed with a record label you get nothing directly (just the 1% your record label might get you) but if you are unsigned independend and not a member of the RIAA, GEMA or similar rip off institution then you get you share from Last•FM directly without any penalty (read you get more money if you are not signed up with the devils).
Now I have used Last•FM a bit in the past but have not yet forked over the 5 Dollar for their extended service because its owned by CBS - a media giant in itself and I just won´t support these ever, but quite generally this is a way in the very right direction and just another nail into the Music Industry Mafias coffin.
From Techcrunch.com