“…MySpace will slowly emerge as the new record label of the decade, if they continue to focus on music networking.”
Maybe a little to late. Tumblr might have a better shot now.
In today’s Financial Times:
MySpace abandons race with Facebook
By Matthew Garrahan in Los Angeles
Published: October 22 2009 00:03 | Last updated: October 22 2009 00:03
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“Owen Van Natta, a former Facebook executive who replaced Chris DeWolfe as chief executive of MySpace six months ago, said the company instead aimed to become an online hub for music and entertainment.”
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“Mr Van Natta wants to capitalise on MySpace’s status as a leading online music destination and used a presentation at the Web 2.0 conference in San Francisco on Wednesday to unveil new features that enhance its music credentials.”
The company has struck a deal with Apple’s iTunes store to allow its users to buy tracks without having to leave the MySpace site. It has integrated iLike, a music application company, and launched Dashboard, an interactive tool for bands and musicians, as well as compiling the largest catalogue of music videos on the web.
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“There is a movement around the socialisation of the web,” he said. “People want to experience [what’s available on] the web with other people.”
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