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Myspace.com will be launching new online music venture with 3 major music record companies, namely Vivendi SA’s Universal Music Group, Sony BMG Music Entertainment and Warner Music Group Corp. Aptly called Myspace Music, this new partnership will enable music artists and bands to sell music downloads, concert tickets, merchandises such as tshirts and ringtones for examples. Streaming music videos and audios through profile pages will be available for free.
Chris DeWolfe(MySpace co-founder and chief executive) said :
some tracks will be sold without copy-protection safeguards but noted that the major labels had committed only to experimenting with offering content in an unrestricted format.
Unfortunately, EMI Records who handles artists like Norah Jones and Coldplay, declined to be part of this huge music deal.
Read more about this new Myspace Music online venture right here.
This new online music venture will roll out in the coming months so keep an eye out on Myspace. 