From Hits Daily Double:
Independent bands and musicians who sold their music through imeem’s embedded Snocap music storefronts won’t be paid what they’re owed even after MySpace Music’s acquisition of the site, which includes “certain assets,” but not its liability to more than 110k artists, according to Wired.com. Those contracts mandate they be paid each month if they’re owed more than $20. Some of them have been owed for more than a year, but the chance of them seeing any money is zero.