MySpace Launching iTunes Killer
A few months ago I pronounced on AllFacebook that Facebook is in the process of releasing an iTunes killer. Well months later the service hasn’t launched but Reuters has confirmed that a deal between three of the four major music labels and MySpace could be announced within days.
According to Alley Insider the various music labels will get cash payments including Universal Music Group who has received a cash payment for settling a prior lawsuit. The other music labels will also receive cash bonuses.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in