MySpace music makes room for some indies

After a barrage of complaints about a deal which excluded independent labels, MySpace Music has signed up with IODA, one of the indie umbrella groups.

So, everyone's happy, right? Not quite - for, while the majors got a slice of MySpace Music pie for jumping into bed with MySpace, IODA aren't. The equity deal was a bit of a duff deal for the labels and the musicians they supposedly represent; the indies are getting something worse.