MySpace Partners With Three Major Music Labels
Just read over at Rolling Stone that MySpace has inked a deal with Warner Brothers, Sony/BMG, and Universal Music to offer music on MySpace called MySpace music. Apparently this is in response to Facebook signing a deal with Apple’s iTunes to offer tracks on Facebook. I missed that one when it happened, must have had my head in the sand. Anyway, I find this interesting. I think it starts to show that selling music online is the future of the music business.
The major labels refusal to embrace that themselves will, in a sense, cost them money because by having dismissed it previously, they have to form partnerships to distribute their music online through already established networks. They could have easily done this themselves with their own applications years ago and people probably would have embraced it. Too bad so sad for them I suppose. I really don’t think that this will compete all that well with iTunes though. As I’ve written before about Amazon’s download service, the integration just comes up short compared to Apple’s iTunes. Regardless though, its a good sign for music and those of us who listen to lots of it!