Punknews.org had an interesting report a few days ago on accusations against last.fm, regarding the site reporting specific users who had accessed an illegal early copy of the upcoming U2 record to the RIAA.

Now, regardless on where you stand on the issue of whether or not people with musical taste should be listening to U2, this is an interesting tidbit of news. Last.fm responded with this;

“Of course we work with the major labels and provide them with broad statistics, as we would with any other label, but we’d never personally identify our users to a third party – that goes against everything we stand for.”

Read more after the jump.

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Last.fm has announced they will begin to pay bands/artists that are on their site percentages of the revenue they earn from the advertising. They will start doing this on Wednesday, July 16th. It’s a groundbreaking announcement, essentially taking the model that Myspace has made popular, utilizing a social networking site as a homebase/website for a band, and taking it to the next level by paying the artist.

Last.fm is a music-oriented social networking site based out of the U.K. They are best known for being able to interact with your computer’s music library and compose databases of your playlists and favorite artists for you to display in a widget format.