MySpace Teams With Universal, Sony BMG & Warner For Music Endeavor
MySpace has formed a ho-hum music venture with Universal Music Group, Sony BMG Music Entertainment and Warner Music Group. Although, financial terms were not disclosed, each of the labels will reportedly own a minority stake in the endeavor. MySpace Music will offer free music and video streaming supported by advertising, paid-for MP3 downloads, ringtones for cell phones, concert ticket sales and merchandise. The backers are...
iTunes Now Number Music Retailer In US
Apple has announced that iTunes has overtaken Wal-Mart to become the number one music retailer in the United States. The statistics are based on the latest data from the NPD Group’s MusicWatch survey, which captures consumer behavior and counts one CD as representing 12 tracks. In less than five years, iTunes has skyrocketed to the top of the music retailer food chain, no small feat. The iTunes Store has sold over four billion...
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