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Quote:It must suck being a MySpace representative at a music biz gathering. The most popular web site in the United States owes its phenomenal success to a canny exploitation of music. But while sound recordings command a performance royalty - the rules are optional in the exciting world of new media. So while composers get rewarded when music is played in hotel lobbies, clothes shops and pubs, they don't get a penny from it being played, and endlessly replayed, over MySpace's network...

It's all very much in keeping with the new feudal economics of "Web 2.0": the serfs must be grateful for the hospitality of the proprietor. As PlayLouder's Paul Sanders noted last week, plenty of people appear to be profiting from digital music - except the people who create it...

Quote:MySpace should set aside some of its revenues into a pool to compensate musicians, says an industry group.

"We think they should pay," a spokesman for British Music Rights, a group representing songwriters, publishers and performers, told us today...