It’s been a long while since any news really shook the digital music world. Amazon’s MP3 store in September — could it really have been that long since anything cool happened? Well, hold on to your hard drive, because this one’s a doozy.
There might be a big new kid on the block when it comes to digital music download block, and it already has over 100 million users. According to rumors, MySpace will announce a deal focussed on providing a wide range of music services – think downloads plus Last.FM type streaming and other offerings. The word is that three of the top four labels are on board (Apple lackey EMI being the laggard) and the whole thing was held up by the law suit between MySpace and Universal Music Group, which is being settled with a sizable payment from Rupert Murdoch. Under the deals with the labels, “All the labels will receive a minority share in the company and a share of all the revenue generated from the site” says Greg Sandoval of CNET.
Watch the news tickers today as an announcement is expected “within days” according to Reuters.
And it’s done: See CNET for more.
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