MySpace music venture to take on iTunes
Posted by Dennis Sellers 
Apr 3, 2008 at 1:48pm
News Corp’s MySpace, the world’s largest social network web site, has formed a joint venture with three major music companies called MySpace Music, it said on Thursday, in a challenge to Apple’s iTunes Store, reports Reuters.
The joint venture includes Vivendi’s Universal Music Group, Sony BMG Music Entertainment and Warner Music Group as minority stake holders in the new company. MySpace Music will offer free music audio and video streaming supported by advertising, paid-for MP3 downloads, ringtones, artist ticket sales and merchandise.
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Dennis Sellers
Dennis has been a newspaper editor/reporter (seven years) and teacher (seven years). He has over 4,000 magazine, newspaper and online articles to his credit. He has also covered the Mac and tech industries for over a decade for such online publications as MacCentral, MacMinute and now MacsimumNews.
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