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Thursday, April 3, 2008

MySpace Takes on iTunes

posted by on April 3 at 11:28 AM

Via News.com:

As expected, MySpace unveils new music service

The service will roll out gradually over the next three to four months and offer free streaming music, unprotected MP3 downloads, ringtones, and e-commerce offerings such as merchandise and ticket sales, said MySpace CEO Chris DeWolfe. The goal is to make MySpace a one-stop shop for everything music. Among the top four music companies, EMI was the lone holdout. A source with knowledge of the negotiations said that MySpace and EMI continue to seek a deal.

The partnership with MySpace is another sign that the music industry has decided to embrace the Web and digital technology instead of waging war against it. As CD sales continue to shrink and piracy expands, the labels are moving toward the inevitable: a redefining of how they make money from music. With MySpace Music, the labels will get an equity stake in the new joint venture and a share of all the revenues the service collects.

Read the whole story here.

RSS icon Comments

1

i'm sure no one will have a problem plugging in their credit card information into myspace.

in other news: i just won a $50 gift card to macy's just for clicking on a link. YES!!!

Posted by cosby | April 3, 2008 11:31 AM
2

Anything would be better than iTunes' DRM-crippled offerings.

Posted by Dougsf | April 3, 2008 4:47 PM

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