TECH CRUNCH -- Mar 5 --
Facebook is in talks with the record labels to launch a music service that will include either free ad-supported music streams or paid downloads.
MySpace is also preparing its own music service to be called MySpace Music. And other competitors from
imeem to
iLike to
Last.fm are putting pressure on Facebook to respond with its own music offering. But Facebook should really stay out of the music business. Facebook's fan pages for musicians have not done well. 50 Cent's official Facebook page only gathered 8,213 fans, compared to 1,918,372 fans on iLike page on Facebook (which includes fans across other social networks as well).
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