Online music portal on MySpace
MySpace recently now announced an exciting project: its own digital music portal competing with current market leaders iTunes and Amazon.com’s MP3 store. They are currently negotiating with major record companies such as Warner Music, Sony, and Universal. According to reports, the pricing is “going to be very competitive.” Also, many of the music downloads will come without any digital rights management technology, so that the users will be free to copy and use the music on any device.
This venture is almost certain to succeed since MySpace is the most popular social networking site among the huge and important demographic of North American teens, and has over 110 million registered users, 30 million of which regularly use the site’s built-in music features.





