BEVERLY HILLS, CA (Hypebot) – Responding to reports that MySpace may be the subject of antitrust lawsuits because of an equity stake shared by three of the four major labels, as well as, growing criticism of its treatment of indie labels, a MySpace Music spokesperson gave Hypebot this statement:
“We are not aware of any antitrust complaint or inquiry pending against either MySpace or MySpace Music. MySpace Music welcomes indie artists and is not blocking content from them or other labels. Our goal is to provide the indie community with powerful tools and monetization channels to enable them to access revenue streams previously unavailable.”
Meanwhile, Techcrunch has hacked screen shots of the new service.
Stay tuned for a more in depth response and analysis.