MySpace's deal to join with three of the world's four largest music companies to create a joint service was prompted in large part by demands from many of the social network's 110 million users for the ability to download and buy music, concert tickets and other items, said Amit Kapur, MySpace chief operating officer.
The new MySpace Music service, announced this week, pairs the social network with Sony BMG Music Entertainment, Universal Music Group and Warner Music Group, which are providing their entire music catalogues. Kapur declined to comment on why EMI Music, the fourth major record company, was not part of the announcement.
Financial terms of the deal were not disclosed.
The joint venture -- which marks MySpace's first foray into selling products -- expands the social network's existing music platform to provide users with DRM-free digital music downloads, ad-supported audio and video streaming, a mobile phone storefront and a concert ticket sales office.
While he didn't comment directly when asked if the deal signals that music labels are giving up their own services to instead align with distributors that resonate with buyers, Kapur did say that people are experiencing music in a much more social way.
"They want their music and content online in an environment that is personal, portable and collaborative," he said. "That is what you get on MySpace. I can find the music that I want and share it with my friends. When I find a new song that I like there is disconnect between listening to that song and purchasing it. [Users were saying] why can't I download a song or buy a concert ticket from your site. That was the inspiration."
The goal of the new venture is to build on the existing traffic and popularity of MySpace's existing music platform, which the company says now attracts 30 million unique visitors a month to hear music of five million artists. The service will integrate new content across the MySpace Music home page, the site's artist profile pages and individual MySpace user home pages to provide multiple opportunities to discover, share and purchase music for any device, the companies said.
"With these three leading companies, we are going to take what has been a rich and vibrant community on MySpace Music to the next level," Kapur said. "We want our music platform to be frictionless - discovery, consumption and sharing of music will exist in one environment."
The new service lets users can control their MySpace Music use from their own home page by using enhanced search tools to create playlists and purchase music, MySpace said. At the same time, musicians can use the service to sell digital downloads, mobile ring tones and artist wallpapers directly from their artist profiles.
The new services will begin rolling out over the next few months, Kapur said.
The new service will be based in Los Angeles and will be run by a dedicated executive team.
Read up on the latest ideas and technologies from companies that sell hardware, software and services. Making the Business Case for IT Consolidation
Business Intelligence and Enterprise Performance Management: Trends for Emerging Businesses
CRM your salespeople will love
Discover the advantages of an open architecture multi-vendor network solution
Strategies for Eliminating .PST Files
Gaining Competitive Advantage Through Enterprise Planning
IT Service Management Needs and Adoption Trends: An Analysis of a Global Survey of IT Executives
Taking On Demand CRM Integration to the Next Level
Zones provide focussed content from Computerworld and leading technology partners.Discover how SOA can create smarter outcomes for your business.
Attend and learn:
- How SOA is helping leading companies to become more agile
- Where you should be applying SOA processes in your company
- The top SOA implementation mistakes to avoid
Click here for more information.
- +
Computerworld Live Podcast #97: The Future of Enterprise Networking 25/07/2008 09:45:36
This week CW Live chats with Mark Thompson, global sales and marketing manager for HP ProCurve, on the future of the enterprise networking. Mark discusses the trends we can expect to see in the near future and how the right infrastructure can ensure your enterprise network is secure. - +
Computerworld Live Podcast #96: Security at the Edge 11/06/2008 09:22:22
CW Live speaks with Amol Mitra, HP ProCurve Director of Marketing for Asia Pacific and Japan. Today's topic: how enterprises are starting to shift away from simply controlling security via server logins, firewalls and moving to more adaptive security frameworks. - +
Data Management Edition #10: Multi-Petascale Systems 02/05/2008 09:12:33
This week we look at sustainability and the development of multicore technologies to build multi-petascale systems. - +
IT Security Edition #11: How to poison the Storm botnet 01/05/2008 08:51:55
This week CW Live presents a case study on how to poison the notorious Storm botnet . Plus we take a look at Cisco's plans for Ironport. - +
IT Security Edition #10: Cyber-battles fought and won 24/04/2008 11:09:47
Vendors bow to end user pressure to improve product security, and we take a look at the latest concepts shaping the cyber-battlefield of the future.
Charles Sturt University Commences Unified Communications Deployment With Interactive Intelligence 2008-12-04 08:30:00+11
AOC Launches 18.5” Widescreen Green 16:9 LCD Monitor in Australia and New Zealand 2008-12-03 15:30:00+11
FrontRange Solutions eases software license management with new License Manager 3.0 2008-12-03 14:56:00+11
Progress Software's Cure for Managing Services-based Applications 2008-12-03 14:42:00+11
S3 Graphics Unleashes Full OpenGL® 3.0 API Support with Beta Driver for Chrome 500 Series GPUs 2008-12-03 14:08:00+11
Delivering the Power of Choice with Microsoft Dynamics CRM
Join Ed Thompson, Research VP, featured analyst firm, Gartner, Inc., and Brad Wilson, General Manager CRM Microsoft Dynamics, for a new webcast, Delivering the Power of Choice with Microsoft Dynamics CRM, available now. Our panel will break down the best practices for getting the most out of CRM and you'll learn key recommendations you can implement in your organization. Additionally, you'll also hear Microsoft's vision for CRM.












