Cannes, France – News Corp.’s (NYSE: NWS) MySpace
social network has partnered with royalty collection and distribution agency
SoundExchange to search for artists who may be owed royalties for their works
but could not be located. MySpace said it has already identified 25,000 artists
who are registered on MySpace but not with SoundExchange, who are collectively
owed more than $14 million in royalties for streaming of their songs on
Internet and satellite radio.
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