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May 17, 2008 1:25:28 AM CDT

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MySpace Makes Music Overtures  

Posted Feb 20, 08 2:54 PM CST in Technology    Editor's Choice

(newser) – MySpace has spent the past few weeks approaching major record labels, trying to hammer out a deal for a new online music service, the Wall Street Journal reports. The deal—tentatively MySpace Music—would likely let users stream unlimited music for free, and buy downloads that could be played on mp3 players, the Wall Street Journal reports.

The proposal is part of MySpace’s efforts to broaden its media offerings to fend off the likes of fast-gaining Facebook. It also gets MySpace's foot in the door of online music’s trends toward free streaming and copyright-free music. But sealing a deal won’t necessarily be easy. One label, Universal Music, has a lawsuit pending against MySpace for, ironically, streaming music.

Source Wall Street Journal

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Bloggers' takes

It's about time
Guardian (UK) | Feb 20, 08

This is downright nutty
Silicon Alley Insider | Feb 15, 08

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MySpace Makes Music Overtures
News Corp. Chairman and CEO Rupert Murdoch, right, and MySpace CEO and Co-founder Chris DeWolfe listen to questions during a talk at Web 2.0 conference in San Francisco in this Oct. 17, 2007 file photo....   (Associated Press)
MySpace Makes Music Overtures
An image advertising MySpace.com is seen projected on a screen during NewsCorp's Global Energy Initiative in New York in this May 9, 2007 file photo. (AP Photo/Mark Lennihan, file)   (Associated Press)
MySpace Makes Music Overtures
Kate Voegele practices inside her dorm room at Miami (Ohio) University Tuesday, April 3, 2007, in Oxford, Ohio. Her roommate Sarah Peck works on her laptop at right. Voegele has her first CD with MySpace...   (Associated Press)
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Rupert Murdoch  • MySpace  • News Corp  • music industry  • Universal Music Group  • NBC Universal  • Warner Music  • online music  • Sony BMG Music Entertainment  • Hulu


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