Digital Digest: 50 Cent, MySpace, Imeem & Universal Music, Limewire, Nokia

December 11, 2007 |10:33 | News By : Team X

No stranger to controversy, 50 Cent has taken his act overseas, stirring up plenty of hullabaloo on a European tour. A week after inciting an Internet debate about whether or not he was snorting something on a table in the background of video news report in Zagreb, Fiddy has now come out and defended file sharing, long deemed as Public Enemy No. 1 by 50's label Interscope/UMG and all of the major record labels.In an interview with Norwegian site kjendis.no, translated by TorrentFreak, Fiddy said artists and the industry need to adapt. "What is important for the music industry to understand is that file-sharing doesn't hurt artists," he said. "A young fan may be just as devout and dedicated, even if he didn't buy my recording."Fiddy also addressed the specific problems with hip-hop, endorsing the recent trend of 360-degree business models, which broaden the revenue sharing between artists and labels to include merchandising, concerts, and endorsements."The advances in technology impacts everyone, and we all must adapt," he said. "The main problem is that the artists are not getting as much help developing as before file-sharing. They are now learning to peddle ringtones, not records. They don't understand the value of a perfect piece of art."