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Thursday, July 8, 2010

NEWS: MySpace Music to become a money-maker?

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Even after everyone started flocking to Facebook and Twitter for their social networking needs, MySpace held on to the final frontier: band profiles. There's no denying that people still check out bands' MySpace pages long after the interest to write cute messages on their bffs' walls had passed, and musicians still heavily promote their MySpace URLs.

Or so was the case. Apparently the social networking site is considering a subscription model that would see users being charged to use MySpace Music. At the moment, MySpace covers the cost of streaming music for free with advertising, but with Google's $900 million advertising deal ending in August, MySpace is practically shitting themselves. The head of MySpace's music division, Courtney Holt, has however denied this rumour. "We're always exploring new monetization opportunities, but have no plans to change our current service which includes streaming free music." Whether or not the plans are true, there are fresh rumours cropping up all over the internet.

Somehow, Paper-Deer can't see ourselves putting down money to briefly check out an unknown band's MySpace profile for two minutes because we want to see when their next shows are, especially when Facebook and Bandcamp are two of many free ways for bands to promote themselves shamelessly.


Courtney Holt, left

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