Universal Takes Over MP3.com – Immediately Slash Artist Pay 80%

Now that Vivendi Universal has officially taken over the reigns of MP3.com this week, their first order of duty was to strip down the payouts to artists on the site’s Payback for Playback service. With all the record industry’s talk of how P2P software rips off the artist, this is another example proving no one rips off the artist more than the industry itself. Included in this article are the earnings of a dozen or so MP3.com artists from the present plan, and what they will expect to earn after the new plan takes effect Oct. 1st.