MySpace Deal to Challenge iTunes
MySpace Music is expected to launch later this year, backed by three of the large four major labels. Users of the social network will be able to listen to live streams, which will be supported by ads, tickets sales and merchandise.
Last Word:. The record labels were famously slow of the mark to embrace the internet. However, there are now strong signs that they are rising to the challenge by experimenting with new business models and distribution channels.
Read the full story in the Financial Times
