MySpace Music Officially Announced

• Posted: Sunday, April 06, 2008
• |
• Author: pradhana
• |
• Filed under: MySpace

Social networking giant MySpace officially confirmed its much-rumored MySpace Music retail effort, teaming with Universal Music, Sony BMG and Warner Music Group to offer consumers free, ad-subsidized streaming content as well as premium downloads a la Apple's iTunes.

The New York Times reports all three major label partners will own minority stakes in MySpace Music, and will offer up their complete content catalogs -- holdout EMI is widely expected to join the venture in the near future. In addition to full-length, DRM-free tracks, MySpace Music will also offer ringtones, concert tickets, t-shirts and related merch -- MySpace CEO Chris DeWolfe said a subscription-based unlimited access model is also under serious consideration. Pricing details were not disclosed.

"This is really a mega-music experience that is transformative in a lot of ways," DeWolfe added. "It's the first service that offers a full catalog of music to be streamed for free, with full community features, to be shared with all of your friends." [FierceMobileContent]

• Permalink
• RSS 2.0
• 
• 
• 
• 
•