21 Feb
MySpace in talks over free music service
According to the Financial Times, MySpace is in talks with the major record labels with a view to launching its own music downloads service.
MySpace, which is owned by Rupert Murdoch’s News Corp, is reported to be in talks with Universal, Sony-BMG, Warner and EMI over the possibility of launching a free-to-listen music service funded by online advertising revenue.
Although none of the interested parties has been willing to confirm anything at this stage, the smart money says that any free-to-listen service will probably be backed up by a pay-to-download one.
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tech.co.uk