Rumor: MySpace Music Execs Discussing a Subscription-based Model
Rumor: MySpace Music Execs Discussing a Subscription-based Model
Posted 07/08/2010 at 2:04am
| by Pulkit Chandna
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When News Corp bought MySpace back in 2005, it couldn't have predicted the social network's current plight. Once the most popular social networking site, MySpace is now an eyesore in News Corp's portfolio. Just as rumors and denials of a possible sale abound, talk of MySpace Music, a hitherto free music service, switching to a paid model is picking up.
According to a Cnet report, quoting an unnamed source, MySpace Music execs are considering a subscription-based revenue model and have already discussed the idea with major labels. The ad-backed service is said to be reeling under the weight of streaming royalties and haemorrhaging money at an alarming pace.
Courtney Holt, MySpace Music president, was quick to rubbish such rumors when contacted by Cnet. "We're always exploring new monetization opportunities, but have no plans to change our current service which includes streaming free music," Holt said.
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eastbayrae
July 08, 2010 at 5:53pm
Myspace charging for anything at this point is going to be its death kneel.
eastbayrae
July 08, 2010 at 3:05am
So you are going to charge the last 14 people that still use Myspace?
Danielt876
July 08, 2010 at 3:35am
This is a report on what people are saying, asking a question or making a statement to the person the article is referring to is not going to make any good. As for the implication that MySpace has very few users, it is still very popular, just not as popular as Facebook.
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