MySpace Music Launches, EMI Joins the Party

MySpace Music, the music service formed by the world’s second largest social network and all four of the largest recording companies (as of today), has officially launched, executives from the News Corp.-owned social network said Thursday.

That “as of today” qualifier is because EMI had been the last holdout of the four major labels for quite some time; looks like they got on board at the very last minute.

CNET News said that the service represents the most significant challenge to Apple—at least in terms of firepower—in some time.

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