Feeds

MySpace trumpets music service

Sony, Universal, and Warner sign on

Internet Security Threat Report 2014

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. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
Lawyers mobilise angry mob against Apple over alleged 2011 Macbook Pro crapness
We suffered 'random bouts of graphical distortion' - fanbois
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
US court SHUTS DOWN 'scammers posing as Microsoft, Facebook support staff'
Netizens allegedly duped into paying for bogus tech advice
Feds seek potential 'second Snowden' gov doc leaker – report
Hang on, Ed wasn't here when we compiled THIS document
Verizon bankrolls tech news site, bans tech's biggest stories
No agenda here. Just don't ever mention Net neutrality or spying, ok?
Inside the EYE of the TORnado: From Navy spooks to Silk Road
It's hard enough to peel the onion, are you hard enough to eat the core?
prev story

Whitepapers

Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.
How to simplify SSL certificate management
Simple steps to take control of SSL certificates across the enterprise, and recommendations centralizing certificate management throughout their lifecycle.