EMI Deal Imminent with MySpace Music


CNET News reports that EMI is close to joining the three other major labels in supporting the upcoming MySpace Music service, according to two sources close to the negotiations.

“EMI and MySpace representatives were ‘trying to jump some final hurdles,’ according to one of the sources adding that the companies could finalize a deal in time for the launch of MySpace’s new iTunes competitor.” The deal would give MySpace Music access to artists such as Coldplay and Joss Stone.

The report said that the MySpace Music store is expected to offer free streaming music and sell MP3s without copy-protection software, as well as ringtones, concert tickets, and other related items. Since Universal, Sony BMG, and Warner were already behind the idea, it was only a matter of time before EMI would get jealous, as these things usually tend to turn out.