MySpace Preps Digital Music Service
Fri, 04 Apr 2008 10:33:32
Three of the music industry's four major labels—Sony BMG, Universal and Warner—have signed a deal with MySpace, unleashing their back catalogues on the long-rumored MySpace Music. The online store will sell digital downloads, stream ad-supported songs and videos, and provide links to places where you can buy concert tickets and other music-related products. EMI has passed on the service for now, but MySpace still claims it will have "the most comprehensize catalogue of music content available online."
A launch is expected in the coming months, just in time to compete with Facebook's recently-launched iLike partnership with iTunes.
—The ARTISTdirect Staff