MySpace's New Online Music Model

CNNMoney.com reports that MySpace Music, scheduled to launch in September, promises to be the most significant rollout of a digital-music service since Apple’s iTunes.

They have reason to be enthusiastic, at least in terms of the scope of MySpace’s latest offering. Remember, MySpace began life as a social networking service for musicians, and had plenty of tools to help them share music and spread the word about their bands.

The new site will enable MySpace users to listen to any song from the catalogs of the three music giants free, the article said.

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