Myspace Launches Ad-Supported Music Platform

Myspace has launched it’s advertising-supported music platform, allowing for users to stream millions of songs for free, thanks to the new structure drawing revenue entirely from advertising. This new development also allows for artists to sell their music through an Amazon.com-supported online store. Myspace’s co-founder Chris DeWolfe said;

“You’ll be able to see the top songs your friends are listening to. Eventually you’ll be able to buy tickets and merchandise and ringtones. When you look at things like iLike and Facebook, they don’t have the full songs, in most cases, and they don’t have official artist pages. People aren’t interested in music on Facebook in the way they are on MySpace, That’s one of the big keys here.”

It’s an interesting and ambitious move, especially considering the partnering with a variety of major music labels in this project. Normally one wouldn’t see such cooperation at this level of mainstream with music levels, but undoubtedly the power of Myspace’s social networking and past in helping to break celebrity and musical talents is undeniable.