Posted April 3, 200817 yr 17:19 GMT, Thursday, 3 April 2008 18:19 UK MySpace in online music project BBC Entertainment News Networking site MySpace is to launch an online music service in partnership with three major music companies. The new service MySpace Music is being launched with Universal Music, Sony BMG Music and Warner Music. Users of the new service will be able to listen to music and watch music videos free of charge, while paying a fee to download music. The website will also make money from advertising and selling merchandise like ring tones and concert tickets. However, the exact terms of the deal were not disclosed. The one major record firm excluded from the partnership was EMI. The new music service is seen as a possible competitor to Apple iTunes Music Store, which has dominated the digital music market. The music industry has been concerned about a lack of competition for iTunes in the digital music market. Music firms see a new entrant in the music download market as a positive change. "This gives a great new lease of life for the download market," said Thomas Hesse, Sony BMG president of global digital business. Do you think this is a good idea & can it be successful in rivaling iTunes?
April 3, 200817 yr The ever growing of downloads will produce much more competition, over the next year or so. We will see the actual death of the physical single, with stores starting to withdraw them. Downloads will grow, even being available from the actual Radio groups, and Record companie sites, as well as fanbase sites too. The high street stores names, will give more advertising of their individual download sites. This current week Woolworths re-launched their site of downloads with a fresh look. The people who buy from Woolies always have a different market, and this week their download charttopper was Mariah Carey, surprising maybe!!!!!!
Create an account or sign in to comment