I posted this a few days ago, but came across some new information regarding MySpace Music and their supposed plan to save music. I just ran into some more recent news stating they are going to launch with just the Major Labels on board (for now). That’s too bad, but they know it’s the Indies that really made Myspace what it was. Hopefully they will start inking deals with the Indies sooner than later.
You’ve probably heard that MySpace will soon launch their e-commerce app where artists/bands can sell their digital tunes right on their myspace page. What I didn’t know is they are planning to share ad revenue and more with musicians. This could be a good thing…let’s see what pans out.
“To be sure, advertising is just one piece of a larger plan to generate new revenue for artists through MySpace. MySpace Music will also help performers sell downloads, ringtones, concert tickets and merchandise. But advertising will be a “significant” part of the music industry’s future business model, DeWolfe (CEO) predicted.”
Read more on the plan here
Make Great Music,