MySpace is entering the glutted digital music downloading space. The News Corp entity announced today it is partnering with Universal Music Group, Sony BMG and Warner Music Group in creating this MySpace Music service, which will offer DRM-free downloads of music and videos from the three labels’ artists.
“We’re really excited to partner with these industry leaders to create the most … innovative and dynamic music service on the marketplace and on the planet,” MySpace cofounder and CEO Chris DeWolfe said in a conference call with reporters Thursday morning. “MySpace Music integrates the world’s most popular music community with the most popular catalog of music content available online from the world’s biggest music companies.”
At press time, the other major label, EMI, had not yet signed on to the project. When asked if it would be joining in the future, DeWolfe said MySpace would like to “do business with everyone.” The company is speaking to a number of other labels, both majors and independent, DeWolfe said, but he could not answer whether EMI would be part of the project.
The deal is also said to effectively resolve Universal’s 2006 copyright infringement lawsuit against MySpace. Prices have not been set for audio or video downloads, but DeWolfe indicates prices will be “competitive.”
photo credit: believekevin
No Responses to “MySpace + 3 Labels = New Downloading Service”
No feedback yet.