Sunday, October 30, 2011

MySpace to Enable Users to Sell Songs

YES you heard this right. Sure you can check their website to get the complete information. But here is something important to tell you

MySpace.com plans to let its 77 million users sell music downloads, another move by corporate parent News Corp. to make the social networking site as profitable as it is popular.

Shawn Fanning, whose Napster software upended the music industry in 1999, will provide technology that enables musicians on MySpace to sell songs directly to fans and even for fans to sell to one another. It's really great for the bands and the fans on MySpace, but I'm very skeptical that anybody's going to make a lot of money off this, said Jupiter Research analyst David Card, who noted that no media companies make money exclusively by selling esoteric content to niche audiences. I believe in a 'long tail,' but I have yet to find a media company make a living delivering only the long tail without delivering any of the hits.

Longer term, though, some analysts said, MySpace could broaden the appeal of legitimate online music sales.

This creates competition for iTunes, said Ted Cohen, a former EMI executive who is managing partner of digital media consulting firm TAG Strategic. This, combined with the impending launch of Microsoft's Zune media player, could make the digital music marketplace more of a horse race.

Well Myspace is a big business... What do you think? You like Myspace.com?

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Author:: James Mcgill
Keywords:: Myspace,sell songs
Post by History of the Computer | Computer safety tips

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