MySpace Makes Music Overtures
Social networking site turns to recording labels in effort to broaden appeal
By Kevin Spak,  Newser Staff
Posted Feb 20, 2008 2:54 PM CST
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)
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(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.