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Notice: Undefined offset: 8192 in /home/sites/www.computers.net/drupal6/drupal-6.1/includes/common.inc on line 609 Computers.netNews and Informationhttp://www.computers.net/node/222/atom/feed2008-03-26T12:50:08-04:00MySpace 'Close to Deals with Major Music Labels'http://www.computers.net/content/myspace-close-deals-with-major-music-labels2008-03-26T12:50:08-04:002008-03-26T12:50:08-04:00ComputersMySpace is collaborating with some of the biggest music labels to launch a digital music platform.
The social networking site is close to deals with Warner Music Group and Sony BMG, according to the New York Post.
No money will be involved in the deal as the labels are trading content rights in exchange for stakes in MySpace Music and any advertising revenue they generate from the service.
One industry insider told the NY Post: "The concept of the joint venture is to bring in all forms of making money from digital music and much more tightly integrate them."
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