MySpace wants to tune in to music profits |
| Published: April 4, 2008, 5:58 am |
| Tags: aapl, apple ipod, appleipod, facebook, goog, inthenews, itunes, myspace music, myspacemusic, nws, sony bmg, sonybmg, universal music group, universalmusicgroup, warner music group, warnermusicgroup |
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Filed under: Products and services, Consumer experience, Competitive strategy, Google (GOOG), Apple Inc (AAPL), News Corp'B' (NWS)Bloomberg reported Thursday that News Corp.'s (NYSE: NWS) MySpace asset wants to leverage its mindshare to sell music. Not a huge leap of logic there -- MySpace is a touchstone for the online-savvy youth, a group that enjoys consuming songs and going to shows. Only problem is, the MySpace generation also intersects with another club -- the iPod generation -- and going against Apple (NASDAQ: AAPL) won't be a simple task for Rupert Murdoch and his social-networking empire. Bloomberg points out an another interesting issue for MySpace -- its buzz appears to be weakening somewhat. I found it very interesting that Facebook is challenging MySpace's dominance in terms of user growth, and that Google (NASDAQ: GOOG) may not be doing as well with its MySpace deal as perhaps it theoretically should be. This music initiative, called MySpace Music, is intended to aid [ Full article ] |
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