MySpace Music Partners With Fanning’s SnoCap
MySpace artists will have the ability to sell music directly from their pages
MySpace has inked a long term deal SnoCap, the wholesale music distributor started by Shawn Fanning of Napster fame, to allow artist who have pages hosted by MySpace Music to sell their music directly to their fans. In classic do-it-yourself form, independent artists will have the ability to set parameters like pricing and upload music on their own. The downloads will be in the non-DRM MP3 format. SnoCap will charge 45 cents per download as a “transaction fee.”
The MySpace Music download feature should debut sometime this fall.
The Future: With over 100 million users, the MySpace Music Download feature may pose the biggest competition to iTunes to date in terms of indie music sales.