Replies to post #7599 on Mindpix Corp. (fka MPIX)

[Kool Aid Man]

Exactly! Roxy does not "own" the music

At best Roxy may have a deal which allows her to re-publish, market and sell copies of these songs which are owned by others. The few collections I've seen of hers (presumably put together by her late husband Chuck) were similar to those put out by TIME-LIFE. TIME didn't "own" the music either. They merely entered into a licensing arrangement which allowed them to exploit the songs for the mutual benefit of the copyright owners and themselves.

My whole point now --as it has always been-- is that Roxana Weber does not "own" any music library. She will have to PAY PAY PAY for the rights to access and use these songs. ALL the costs of any projects entered into by her and Denny Diante will have to be paid for by THEM (make that you shareholders). Is it "possible" for such ventures to turn a profit? Absolutely. Is it "probable" they will turn a profit with a thousand pound gorilla named ITunes ruling the jungle these days? Not likely.

My understanding is MPIX owns the music licensing rights.... which means they can legally make money off the tracks in their library. They can create CDs, sell music on-line, sell temporary rights for media use, etc.

Several organizations have licensing rights. It's like Subway owners that have rights to use the name, 'Subway.' They have to send some of the revenue back to the corporate office (the 'owner' of the fast food chain).

So the money for the Chuck Berry song you heard on NBC was probably directly paid to Warner Music, Capitol records, or whoever 'owns' that song. OR it could have gone to someone else that owns the licensing rights... but the parent (owner) of the music will always get a piece of the action.

Diante spoke of a deal that is already on its path of success. We have no idea what that deal is, but if someone like Diante that knows how the music industry works is at the helm, I have confidence. Personally, I'd like to hear the news of this music deal he spoke of. Then it's blast off time!!! Go MPIX!