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MySpace teams up with three major labels


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To compete with iTunes

 

MySpace has teamed up with three big names in the recording industry - Vivendi's Universal Music Group, Sony BMG Music Entertainment and Warner Music Group. The deal was announced on Thursday, but financial details are undisclosed as of yet.

MySpace Music will offer free music and video streaming supported by advertising, purchasing MP3 downloads, ringtones, concert tickets and merchandise.

MySpace’s chief executive, Chris De Wolfe, commented that commercial features will be incorporated within three to four months, and that they’re in talks with other music industry partners.

However, words like:” It goes from being a promotional vehicle to being a commercial vehicle” usually don’t sit right with yours truly. Nowadays, everything seems to be a commercial vehicle, and it's just a matter of time till we have to pay $0.99 to hear our doorbell ring in a copyrighted ding-dong sound.

You can read more here.

Last modified on 04 April 2008
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