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News Corp wants to sell music
Myspace to become record shop
News Corp is in talks with the four major record labels to discuss launching an online music service through MySpace.
Rupert Murdoch's company sees Myspace as being expanded into a one-stop music service that offers content via free digital streams, as MP3 downloads and through a subscription plan.
The idea is that it would be a joint venture with the major recording companies, which would receive an equity stake in return. There is no indication that the music industry is listening, but then they could be.
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