MySpace Music Bridges The Indie Gap With IODA DEAL!!!!!!!

by **J The Kidd** Fri Oct 24, 2008 8:07 pm

MySpace Music has overcome a major hurdle in their bid to become a
competitor to iTunes, inking a deal with indie conglomerate IODA, the
Independent Online Distribution Alliance. IODA is home to hundreds of
indie labels and will help expand the MySpace Music catalog by over one
million songs. IODA houses labels like Arts & Crafts, Absolutely
Kosher, Fat Cat Records and Rounder Records.

While MySpace launched their music service with the support of all
four major labels, the indies lamented that there was no deal in place
to provide their rosters’ artists to the service. The deal also puts to
rest all those anti-trust allegations the indies were laying on MySpace
Music when it launched. Financial terms of the IODA deal were not
disclosed.