MySpace Gets Busy Signing Record Deals And Launches MySpace Music

MySpace Logo
“We believe that the Web is becoming increasingly more social,” stated Chris DeWolfe, MySpace co-founder and CEO. “MySpace Music is a new way of experiencing music online that everyone can participate in.”

Los Angeles, Calif.-based social network conglomerate, is going back to their roots in a capitalistic way.  MySpace was originally a place for independent bands and artists to promote their music.  The site became so popular and easy to use than other social networks to the point where millions registered and it became the biggest social network of its time.  MySpace is now looking to capitalize on the independent music that is promoted within their own site, but only with the help of some friends.

These friends include Universal Music Group, Sony BMG, and Warner Bros.  Each of these companies will receive equity in MySpace added DeWolfe.  The new service will be called MySpace Music.  MySpace Music will allow artists to sell their concert tickets, merchandise, downloads, and ringtones through the social network and other News Corporation properties.  Some of the tracks by the artists will not have DRM. 

MySpace Music will be a separate company with a different board.  MySpace and Universal settled a lawsuit in 2006 where the social network paid the music company $100 million for settlement.  TechCrunch reports that $120 million will be provided for MySpace Music by News Corp. and this will be distributed amongst the 3 music companies.

According to commenters, MySpace has a problem with their mobile site.  Read the comments to see what the users have to say.

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at

MySpace Gets Busy Signing Record Deals And Launches MySpace Music Comments

  1. GeoSpears says:

    There’s a really good analysis of the deal and reasons why it was done at

  2. MEGA SLIM says:

    After generating over 4,000,000 plays 10,000,000 hits @ the stoneface records recording artist/producer CEO MEGA SLIM PRESENTS…(Daddys Gurlz)…my talented daughters born and raised in long beach california the 17 yr old writer/producer BRISHA’ has formed a trio with with her younger sisters SHAKYRIA age 13 and LaCORA age 8 to record their first single “BAMBOOZ” (video coming soon)
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  3. michael sykes says:

    i need a record deal

  4. James Brandon says:

    It’s cool what I’m reasing here. I’ve signed to Universal Music Publishing in Germany. Since almost two years nothing has happened so far. I decided to delete my songs on MySpace already as I don’t have any impression that may bring something.

    Desperately Yours!!


  5. Landin'west says:

    want beats, I got’em.

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