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Tuesday, September 05, 2006

MySpace to sell songs from indie bands

CNET News.com: "MySpace, the wildly popular online teen hangout, said on Friday it will make its first move into the digital music business by selling songs from nearly 3 million unsigned bands.
MySpace is the latest company to try to take on Apple Computer's iTunes Music Store, but unlike many other start-up rivals, it already boasts 106 million users, as well as the backing of parent company News Corp.
'The goal is to be one of the biggest digital music stores out there,' MySpace co-founder Chris DeWolfe told Reuters. 'Everyone we've spoken to definitely wants an alternative to iTunes and the iPod. MySpace could be that alternative.'
In the past year, MySpace.com has become the single most visited Internet address among U.S. Web users, according to Hitwise, with mainly teenagers and young adults using the site to socialize, share music and photographs. "
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