MySpace Music Store Is New Challenge for Big Labels



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Posted 11/6/2006 5:11:48 PM


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http://www.nytimes.com/2006/09/04/technology/04myspace.html?ei=5088&en=69cd9d13be9f9603&ex=1315022400&adxnnl=1&partner=rssnyt&emc=rss&adxnnlx=1162854335-/qCk0s2XFrj/6WHHEQOr0w

^^ Full article Link

So far none of the companies that sell music online have emerged as serious competitors to the iTunes Music Store of Apple Computer. But not one of them has an audience like MySpace, which millions of teenage and twentysomething music fans visit every day.

For the music industry, which worries about Apple’s dominance of the online market, a MySpace music store could present difficulties of a different sort.

MySpace, the online community site owned by the News Corporation, said on Friday that it would sell music through a partnership with Snocap, a technology company started by the creator of Napster, Shawn Fanning. When the online store opens this fall, it will allow bands and labels of any size to sell songs online for whatever price they want....

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