Published at 4:08 PM on November 17, 2009

Can MySpace Survive Without Free Music Streaming?

Can MySpace Survive Without Free Music Streaming?

Just a few years ago, when Napster wasn’t such a distant memory and free-streaming sites like Lala, Imeem and Hype Machine were in their infancy, one site ruled as the best avenue for free samples of new bands: MySpace. Sure, the site carried a certain affiliation with young people who take oddly angled pictures of themselves, but the it also held, and still holds, a huge cache of band pages ripe with free-streaming tunes.

As many social-media users flock to Facebook or Twitter, MySpace band pages still sport free music. But it looks like that might change too. According to an insider source cited on technology blog TechCrunch, “They are spending $20 million/month on streaming royalties, and that just isn’t sustainable.” MySpace Music will “almost certainly” move to a pay model, according to the post.

Perhaps the most unfortunate collateral damage in this development is inflicted upon the bands themselves. With record labels suffering, yet another quick and easy music-distribution avenue may now close, thereby intensifying a young act’s struggles just that much more.

Plus, where would we go to find more stuff like this?

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