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July 25, 2008

TechCrunch: Amazon to power MySpace Music...

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The as-yet unlaunched MySpace Music will likely partner with Amazon to handle all music ecommerce transactions, we’ve heard from multiple sources. Apple and Rhapsody are also bidding for the business, however, and one source says a final decision hasn’t yet been made.

The project, which combines the music from three of the four major labels (Sony BMG, Universal Music Group and Warner Music Group) with $120 million in cash from MySpace along with MySpace’s existing music properties, is set to launch in September.

Music download sales are just one revenue stream for the property. In addition to sales of DRM-free music (singles, albums, playlists), MySpace Music will likely also offer ring tones, concert tickets, merchandise (tshirts, etc.) and branded advertising campaigns.


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