Expected MySpace Service To Compete With iTunes

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Expected MySpace Service To Compete With iTunes

Postby snwmark » Mon Mar 03, 2008 4:41 pm

REUTERS -- Mar 1 -- MySpace is planning a service that would combine free ad-supported music listening with paid MP3 downloads and music subscriptions. MySpace parent company News Corp. has approached the major labels about forming a joint-venture music site, similar to its partnership with the major Hollywood studios for video site hulu.com. CBS-owned Last.fm reported a 92% jump in U.S. users in the span of the last month. Last.fm now claims 21M unique visitors per month, close to the 23M unique visitors of rival imeem, which has also seen strong growth in the last year.
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