MySpace music service to launch in September
cnn.com     Jul 24, 2008            

By Michal Lev-Ram HALF MOON BAY, Calif. - Social networking site MySpace will launch a new music service in September, CEO Chris DeWolfe announced at Fortune’s Brainstorm Tech conference on Wednesday. The new offering will enable MySpace members to listen to free streaming music as well as purchase song downloads, ringtones, T-shirts and concert tickets, DeWolfe told an audience of tech executives during an interview with Fortune senior writer Adam Lashinsky. MySpace - which was acquired by News Corp. (NWS) in 2005 - became a platform for bands to connect with their fans early on, and the company says that 65% of their members currently embed music on their profile pages. But rival social networking site Facebook has begun to overshadow MySpace. According to new numbers from metrics firm comScore, while MySpace still has more... [read full story]                    


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