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MySpace launces music service

4 April 2008 19:03 by James "Dela" Delahunty | 2 comments

Online social-networking giant MySpace has announced MySpace Music, a joint venture with Sony BMG Music Entertainment, Universal Music Group, and Warner Music Group. that will go head to head with iTunes, recently revealed to be the largest music store in the United States after over-taking Wal-Mart. The service will weave new services into online profile pages of more than five million musicians.

Methods of generating income will include selling tracks that can be freely copied by fans, ringtones, concert tickets and merchandise. "We look to music as an area where we want to do something huge; something historical," MySpace chief operating officer Amit Kapur told AFP. "We plan to really change the game entirely."

According to MySpace, over 30 million people visit the Music Channel every month. The new service will be rolled out in the United States in coming months. No financial terms or further details of the deals with the record companies were disclosed.

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Permalink to this article | Topic: Online music services

Amazon MP3 is having no effect on iTunes, says NPD (15 April 2008)

MySpaceTV signs off on international distribution deal (15 April 2008)

MySpace strikes TV distribution deal for its content (10 April 2008)

Sony and Warner to make a MySpace music deal? (24 March 2008)

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MySpace series moves to the other small screen (17 November 2007)

MySpace joins forces with Sony BMG (16 October 2007)

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21Q (Senior Member) 4 April 2008 19:22
Only because of the popularity of Myspace will this do exceptionally well. Most people wouldn't go to a service they never heard of. But still, if the songs are cheaper than iTunes and people actually buy tickets, merchandise, etc., then Myspace will be a top contender. I'm not particularly fond of Myspace though. [ + quote]
wasted420 (Member) 6 April 2008 1:39
they will try anything to stay on top of facebook [ + quote]