Myspace in Talks with 4 Major Labels to Launch Free Ad Funded Music Offering
As reported by: FiveEight.net
MySpace is apparently in talks with labels to launch a free (and ad-funded) music offering. Those near-legendary “people familiar with the matter” say talks have taken place between the social networking site and all four of the major labels. The service, which boasts 110M users, has attempted to sell downloads before (after striking a deal with Snocap). The decision would see News Corp join a number of other players who are slowly attempting to encroach on Apple’s dominance of the digital download market place. However, the ad-funded model is still very much unproven - with both SpiralFrog and Qtrax struggling to either achieve traction or be (in the latter’s case) taken seriously. Is MySpace simply playing catch-up here? Can it ever really return to its pioneering heyday by utilising as-yet-unproven business models?
www.search.ft.com
www.news.com
www.webware.com
