Cnet news is reporting that Executives from MySpace officially announced the creation of MySpace Music, a service that will be jointly operated by News Corp.'s MySpace and, at least initially, three out of the four top record labels.

The Thursday morning teleconference MySpace held with the press was anticlimactic since details about the service have been leaking for weeks.

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.
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3 comments
  1. Phyllis V April 10, 2008 at 5:06 PM  

    Myspace is becoming quite an entity.

  2. suganeseo April 13, 2008 at 11:34 PM  

    Smart move for Myspace, going into music industry.

    Good post!

  3. Music demo submission April 10, 2009 at 10:07 AM  

    Hi,
    I read about it, actually MySpace officially announced the creation of MySpace Music, a service that will be jointly operated by News Corp.'s MySpace. Thanks for the informative post.

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