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1. Comment - Muzu strives for fair music video compensation

   (May 8, 2009 - 10:47 AM)

   Hi all. I'm with MUZU and just wanted to offer a couple of clarification points.
   
   MUZU will pay unsigned bands via their Pay Pal accounts. This functionality will be availble in Q3 2009 and any money earned by bands will accrue and be paid once this is setup.
   
   Also, just to clarify the revenue and deductions (preinterpost -- we don't skim off 50% as pure profit!):
   MUZU splits net revenue received 50/50 with the artists. As Tim correctly points out we pay the collection societies - this comes off the top first prior to any take by MUZU, and is paid on to the songwriters as 'royalties' by the collection societies. This is typically 8%, but may change depending on whatever rate the industry sets. This is a good thing for songwriters, and does not go into the pockets of MUZU.
   20% is then deducted to cover costs directly associated with the storing, bandwidth, video ad serving fees, global streaming of artists' video content (not other company overheads). The reality is that the costs are actually a lot higher than that, but MUZU takes the hit. Without a deduction to cover these costs services like MUZU would not be sustainable. The resulting net 72% is split 50/50 with the artists. We believe this is a fair and equitable offering.
   MUZU also provides a slew of value added services to bands, including free video digitisation, marketing support and free usage of the MUZU recording studio, where we shoot videos for free for unsigned bands - we also provide free editing, and lend out the studio space whenever we can. I guess the point I'm making is that MUZU is very artist friendly and is a music company first and foremost. Check out some of the free videos we've done for unsigned bands here:
   http://www.muzu.tv/muzusessions
   Cheers,
   Graeme.