MySpace Gathers Posse, Sets Its Aim On Resuscitating Music Industry
Shortly after Apple's iTunes hailed itself the #1 music retailer in the U.S., MySpace joined hands with three of the four major record companies with plans to reinvigorate both the music industry and MySpace's battle against competitors Facebook, Buzznet and Imeem. The news comes also as News Corp., owners of MySpace, announced it may not meet 2008 fiscal expectations.
Universal Music Group, Sony BMG Music Entertainment and Warner Music Group (R.E.M.'s label ... I'm just sayin') want to make MySpace's music site a one-stop shop, where consumers can watch videos, download songs, buy band-related apparel and even purchase concert tickets. EMI Group, the fourth major corporation, is expected to crash the party soon.
Such services are already offered on MySpace Music, but with bigwigs and suits running the marketing and distribution behind the scenes, one can expect a more comprehensive and aggressive approach.
What say you, Homotrons? Do you think MySpace has a chance or will iTunes reign supreme? And what about Facebook? Not to mention R.E.M. again (though I clearly will), but they pre-released their new album on Facebook, the first group to do so. Should we expect more of that to come?
Three Record Companies Team Up With MySpace for Music Web Site [NYT]
NeonMadman
Posted to In the News on 4 April 2008
· Comments (1)
Other stuff like this: Facebook, music, MySpace
Show-stopping "half-VGA" screen and HSDPA/UMTS support, gorgeous video playback: Bold, Bold, Bold!
I dunno about all this. Even though its still seeing phenomenal success, there is a large and steadily growing backlash against myspace in the general public.
Besides which, myspace isn't renowned for music. For finding small ass bands, yes. For following major acts, not really. Most people just add them and then think nothing more of it.
And finally: turning myspace into the wal-mart of the internet will just serve to make it seem trashy and drive more people away from it.