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Article: IndieMV Media Group Announces Industry-First '100% of Net Proceeds' Terms for Digital Music and Video Downloads, in Addition to a 50% Net Ad Revenue-Sharing Component.
- Article from:
- Business Wire
- Article date:
- March 27, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Music and Video Consumers on IndieMV.com Now Assured that Nearly 100% of Download Spend Will Reach Artists
Artists Finally Free of 'Phantom' Take-Backs for Packaging, Distribution, Marketing, Promotion, Overhead and 'Breakag'Claims Common to the Old, Exploitive Models
NEW YORK -- In sharp contrast to major record label licensing agreements, as well as many, if not most, of the terms being similarly offered today by online providers of digital music and video downloads, IndieMV Media Group, Inc. (OTCBB:IDMV), today announced it will not profit directly from the sale of artists' music and videos sold via its IndieMV.com site, 'Your Music Village.' In ...