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MySpace Looking to Purchase imeem
Rupert Murdoch’s bleeding social networking site, MySpace, is making some drastic moves to eek a profit out of a Facebook/Twitter-dominated industry, one of them a possible pay model to earn back some of the $20 million the site spends on streaming royalties every month. Next could be the acquisition of free-streaming music site imeem.... read more
Found in: Music, NewsCan 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.... read more
Found in: Culture, NewsWillie Nelson and Band of Horses Head to Hawaii for MySpace Secret Show Tomorrow
There's something a bit off-putting about connecting with a 77-year-old man on MySpace. But the unease is lessened knowing said older gent is Willie Nelson. And tomorrow, your online Nelson connection will pay off: Willie will perform a "secret" MySpace show live from Maui with Band of Horses.... read more
Found in: Music, NewsMySpace Confirms iLike Acquisition
Confirming the rumors buzzing around the blogosphere this week, MySpace CEO Owen Van Natta issued an official announcement yesterday that his social networking and music promotion site had purchased online music service iLike. Van Natta declined to disclose details about the terms of the agreement, though initial murmurings on TechCrunch listed $20 million as the price of the acquisition.... read more
Found in: Culture, NewsMySpace Plans to Acquire iLike
Web-hound blog TechCrunch is fueling a rumor that by the end of the week, MySpace plans to acquire one of its competitors in music social networking, Facebook-favorite iLike.... read more
Found in: Culture, NewsMore MySpace Layoffs and Office Closings Announced
CEOs usually harbor a talent for softening the blow of really bad news by exaggeratedly emphasizing the good. But when the really bad news is that your company, a social networking site called MySpace, is laying off two-thirds of its international staff and closing at least four internationally located offices (this on top of the 30-percent domestic employee reduction last week), it's hard to articulate a positive spin.... read more
Found in: Culture, NewsMySpace Lets Go of 400 Employees
In an attempt to stay financially afloat and not become another social networking flash-in-the-pan (Remember ICQ? Friendster? No?), MySpace announced yesterday that it's laying off 400 employees, which is roughly 30 percent of its entire staff. Owen Van Natta, a former Facebook employee who was only recently christened CEO of MySpace in April, released an official press release that made the reality clear: The times are a-changin'.... read more
Found in: Culture, NewsMajor Lazer's Guns Don't Kill People, Lazers Do Streaming on MySpace
Following in the wake of bands like Grizzly Bear and Wilco, DJ collaboration Major Lazer is currently streaming its upcoming release on MySpace.... read more
Found in: Music, NewsListen to Phoenix's New Album, Wolfgang Amadeus Phoenix, on Myspace
First, an appearance on Saturday Night Live, then a song featured on The Hills. What's the next marketing move for the French indie/electro outfit Phoenix: themed coffee mugs of their upcoming release Wolfgang Amadeus Phoenix? Well... yes.... read more
Found in: Music, NewsListen to Neil Young's Fork in the Road on MySpace
After four decades in the recording industry, Neil Young basically has a license to do whatever he wants, whether that means penning a graphic novel, giving unsolicited advice to Detroit's Big Three, or even having a species of spider named after him. So if Neil Young wants to stream his new album online for free (a week before it hits the shelves), then, by God, that's what's happening.... read more
Found in: Music, News
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