The Fact & Fiction of MySpace Music

17 thoughts on “The Fact & Fiction of MySpace Music”

  1. I think this is a good move. You’re correct that they’re overstating it as a competitor, but it has the potential to find a good niche. Bands, DJs, promoters and venues overwhelmingly call Myspace home, and thus many music consumers, at least on a relatively grass-roots level, are using Myspace to find out what’s going on with their favorite bands. To add in streaming with revenue-shared download links is really just an extension of this, and a much more natural one than trying to get consumers to head out to Last.fm, Hype Machine or Pandora for this. Really this is more aimed at those services than iTunes.

  2. Seems like the guy writing this is quite biased. I don’t understand what anti-trust laws have to do with this. iTunes also has an agreement with a bunch of major music labels.

    I’m not a big fan of News Corp either, but this could work, IMO. It’s a natural extension of what Myspace already is and frankly I’m very surprised it took them this long to get this going (maybe if the music industry honchos moved at a 21st century pace they wouldn’t be in the position they’re in now).

  3. It’s a solid piece of UI and I’ll be using it over last.fm for listening. But unless I’m missing something, there’s no category/tag/genre browsing, and no music discovery beyond playlists. And no social listening, no ratings, no popularity rankings? I’m surprised.

  4. #1 – Facebook has revenue

    #2 – Anti-trust matters here and not iTunes because only Apple owns iTunes while the only major labels in the space co-own this with MySpace.

    That is called a “cartel” just like OPEC.

    #3 – I am just as skeptical as Om because I work with bands everyday and they are pissed at their labels. Merchandise and ticket sales will generate revenue but bands already depend on that so much for their money that giving MySpace and the labels a cut on top is bad.

    If someone sign a record deal with you and kept poking you in the eye, then when their money started to dry up they tried to take some of your other money – merch. and touring – would you want to play with them?

    The dynamics of the music industry today will make artists avoid 360 deals with labels and do it themselves, find cheaper partners or do what Madonna did with LiveNation – tell the labels to @%&* off.

  5. @ranndino

    40% of the company is owned by major record labels. It is a reason to bring up the anti-trust argument. They are giving the new company a special price versus other online services who pay a more premium price for playing back music. Of course, no one is talking specific terms of the deals, so we don’t know.

  6. I think what is going to anger many of the artists is the point at which an artist will get paid. Will it be 10,000 streams a month? A day? Can unsigned artists make money from the streams or must they be part of a label who is approved to make money from the ad support? MySpace is doing a good job of making sure the big 4 and their artists make money, but MySpace music has always been about promoting and benefiting the little guy. Don’t forget your roots man, there must be a way for the small gys to make money besides downloads via amazon. The ticket and merch applications will be nice for them, but not enough if there are guys getting rich offf the streams. What do yoou think Om?

  7. Still exists!
    Its name is “Space Jammer” and it plays MySpace music and creates playlists.
    You can buy the music you are listening to directly out of the program at amazon, musicload, 7digit, cd-baby or iTunes (vers. 1.4). You also can watch videos of the bands, send comments to them and much more. The program is freeware and available at:

    http://www.spacejammer.com

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