Myspace launches a music service together with major labels
The rumors about Myspace launching its own music service have been confirmed: The social network is partnering with Universal Music Group, Sony BMG, and Warner Music Group. This move puts it in direct competition with Apple's iTunes.
The rumors surrounding Myspace's own music service have come true: The social network is entering into a cooperation with Universal Music Group, Sony BMG and Warner Music Group. In doing so, it is competing with Apple's iTunes. The integrated music service offers digital downloads and free audio and video streams. According to a press release, "Myspace Music" will bring together Myspace's music community of five million artists and the music content offered by the major labels. The online music service provides music and videos as ad-financed streams, which are still free of charge for users. The e-commerce platform offers all music content as digital downloads. All content can also be downloaded to cell phones via the mobile storefront.
