What I Think

MySpace Music

Posted on: April 5, 2008

MySpace, the biggest social-networking site, has announced its latest initiative, imageMySpace Music. MySpace has signed deals with Sony BMG Music Entertainment, Warner Music Group Corp and Universal Music. With this MySpace will be able to generate a new stream of revenues from its huge audience, while the music companies will have a new way to compensate the declining CD sales.

 

MySpace has not offer too many details about its plans, I guess we’ll have wait and find out.

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