major labels on the new myspace music: pwned

what you need to know:

• myspace made a partnership with Universal, Sony BMG and Warner (there are currently talks to get EMI as a part of that list).
• myspace music will let music fans to stream music for free, within an ad-supported environment, and purchase MP3's from Amazon
• future of myspace music: merch and tix sales
• the good: free music and a platform the major labels feel comfortable with
• the bad: indie labels are now being blocked from uploading music. from what i can gather, since major labels may have territorial rights to pieces of indie music (which is common), audible magic, the technology used by myspace music, assumes the music is owned by the major label and prevents anyone else from trying to upload it and the major label acquires all royalties over the indie label

what myspace is doing is huge, but no less a big dackhead move. indie bands were thriving on myspace but have been cackblocked on their own music. what the fack?