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MySpace introduces online music shop

Executives from MySpace officially announced the creation of MySpace Music, a service that will be jointly operated by News Corp.’s MySpace and, at least initially, three out of the four top record labels. The Thursday morning teleconference MySpace held with the press was anticlimactic since details about the service have been leaking for weeks. The service will roll out gradually over the next three to four months and offer free streaming music, unprotected MP3 downloads, ringtones, and e-commerce offerings such as merchandise and ticket sales, said MySpace CEO Chris DeWolfe. The goal is to make MySpace a one-stop shop for everything music. Among the top four music companies, EMI was the lone holdout.

A source with knowledge of the negotiations said that MySpace and EMI continue to seek a deal.  DeWolfe did not disclose what prices might be. MySpace has 110 million users, 30 million who listen to music on the site. Combine those numbers with the 5 million music acts that promote themselves on the site and MySpace already has impressive music credentials. James McQuivey, an analyst with Forrester Research, said MySpace could help modernize the music industry. MySpace Music will be just another internet shop with music from the p2p user’s point of view, however features as free music streaming and increased competition for Apple’s iTunes may be beneficial for everyone.

Source: Cnet 

Comments (14)

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  1. David
    April 5th, 2008 | 11:32

    let the e-music store war begin!

  2. 7hr0vvB4k
    April 5th, 2008 | 11:32
  3. spacebucket1000
    April 5th, 2008 | 11:50

    who buys music anymore dont you know its free ….

  4. No-Neck
    April 5th, 2008 | 12:00

    I’d never pay for an mp3 file. It’s like buying a book with smudged pages.

  5. DukeNuke
    April 5th, 2008 | 12:26

    Who cares about Myspace or this crappy little story.

    Stop filling rlslog with such crap pls.

    Thanks

  6. HoratioDUKEz
    April 5th, 2008 | 13:57

    I like the free streaming…I definitely won’t buy from there, but free streaming is pretty cool if you can pick any song!

    Takes the hassle out of looking for youtube music videos.

    Better yet, it’s like pandora, but you get to pick what you want….I wouldn’t be bashing it that much guys….free streaming for the mainstream is pretty sweet!

  7. macusersintheface
    April 5th, 2008 | 14:10

    martin, i buy you a beer for your first news not older than 1 day. two if you stop posting news nobody is interested in on a site like this.

  8. DukeNuke
    April 5th, 2008 | 14:40

    yeah. Martin never posts anything except crappy releases and boring ‘tech news’.

    Get a grip!

  9. Rls_Log_King
    April 5th, 2008 | 15:22

    It’s not convenient enough. Microsoft needs to load each new OS with a “purchase music” search bar in the start menu. Then, because you’re a Microsoft user, you get 30 free songs a month for download. MACS would never do this, they don’t care about the consumer…they only want your money.

  10. phishybongwaters
    April 5th, 2008 | 16:10

    OH wow, finally a place to get music online, I’ve been waiting 15 years for an online store that would provide me with music downloads. What an innovation. I can’t believe no one thought of it first.

    @ DukeNuke, macusersintheface, and all the other whiners

    Martin only posts up blah blah blah, along side owning and operating this site, aswell as a few other sites, all of which are top rated sites. You’d best learn to respect. Don’t like technews and this stuff? Read the other sections. He can fill HIS site will all the articles he wants.

  11. Voice of The Black Man
    April 5th, 2008 | 20:36

    @3 The people who buy music help support the system you leech. You should actually thank them.

  12. Jenson
    April 5th, 2008 | 22:57

    I knew it wasn’t long til myspace became more of a whore lol

  13. DukeNuke
    April 5th, 2008 | 23:03

    To number 11.

    I’m not whining, I’m criticizing. Obviously I don’t loathe this site as I post and check on a regular basis. In order for something to get better it needs to take criticisms on board.

    Yes he can fill his site with whatever he wants but I bet if he started only doing app releases and scrapped movies/games etc you would complain. It’s not the same but I still think this site would be better with less ‘tech news’.

    Why would I learn to respect someone who I have never met? Just because he hosts a pretty good blog? Why would I respect him? The idea for the site was certainly a good one but I have no respect for Martin.

    I do not mean that I hate him or whatever. Maybe respect is left for the true greats of the world? I respect Tibetan monks for standing up for themselves, but I wouldn’t respect them if they had great html skills lol. Not something worth respecting.

    hmmmmmmm

  14. zhmus
    April 8th, 2008 | 09:37

    do you wnat to enjoy your life now?

    what do they do to relax theirselves?
    want to know,come here.ill show you what i search?
    look at the super star,listen some music,diy-t-shirt
    http://www.youtube.com/watch?v=4sfJhhN1rcA
    http://www.youtube.com/watch?v=V19SvSUYYOs

    http://www.diy-t-shirt.com

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