Feeds

MySpace trumpets music service

Sony, Universal, and Warner sign on

Boost IT visibility and business value

News Corp's social networking heavyweight Myspace has taken its inevitable plunge into the commercial music businesses.

MySpace announced today it is launching MySpace Music, a joint venture with three of the four biggest music labels backing its new service.

Sony BMG, Universal Music Group, and Warner Music Group will together wage war against iTunes for digital music distribution supremacy on the music portal. EMI is the lone holdout of the big four big music labels, so MySpace has some wooing to do as the site rolls out over the next three to four months.

MySpace Music will peddle DRM-free downloads, ringtones, concert tickets, t-shirts and other merchandise, as well as offer free streaming music from the full breadth of the labels' catalogues. The service also promises an ability to share customized playlists with others.

MySpace has an enormous online music community — which until recently the music industry has fiercely combated. Before the deal could go through Wednesday, Universal Music had to agreedto settle a 2006 copyright infringement lawsuit against MySpace. Financials were not disclosed, but its understood News Corp. shelled out a large sum of cash to make it go away.

The social site's music channel claims nearly 30 million unique monthly visitors and more than five million artists under its wing. With the combined libraries of Sony, Universal and Warner injected into the mix, MySpace Music now has both the audience and licensing muscle that could surpass the iTunes music store. Record labels have been increasingly fearful of Apple's influence on the business as iTunes inches closer to becoming the leader in global music sales.

There's been some notable efforts such as Amazon's music store. None yet has posed a major threat to the online dominance of iTunes, which jumped past Wal-Mart in January to become America's biggest music retailer.

MySpace Music will form a new company based in Los Angeles, with its own executive team to oversee the business. Over the next few months, content and functionality will be added to MySpace's music channels. ®

Best practices for enterprise data

More from The Register

next story
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Nintend-OH NO! Sorry, Mario – your profits are in another castle
Red-hatted mascot, red-colored logo, red-stained finance books
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
prev story

Whitepapers

7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Solving today's distributed Big Data backup challenges
Enable IT efficiency and allow a firm to access and reuse corporate information for competitive advantage, ultimately changing business outcomes.
A new approach to endpoint data protection
What is the best way to ensure comprehensive visibility, management, and control of information on both company-owned and employee-owned devices?