MySpace Music has now finalized a global licensing deal with the labels represented by Merlin, according to details tipped Friday to Digital Music News.  Both companies confirmed the relationship, thanks to resolution on a major sticking point related to equity. MySpace noted that Merlin - and other indies - are now structured to “benefit from the financial growth of MySpace Music” as part of a “growth participation plan,” the exact terms were not shared.

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For Merlin, the deal includes participation in MySpace Music Board of Directors meetings, though specifics on Merlin’s equity stakes were also withheld.  The companies are planning an official announcement on Tuesday, and more details on the financial terms and stakes are likely to emerge next week.