Major labels to offer free music streaming

Just a few years ago, a Web site giving away virtually every notable song ever recorded would have had music business executives speed-dialing their lawyers. But in the next two weeks, a battered music industry, facing slumping CD sales and a bleak future, will help to introduce just such a service.The new site, MySpace Music, is the product of a joint venture of MySpace and the three biggest music companies: Warner Music Group, Sony BMG and Universal Music Group. The venture plans to make money from selling advertising on the site and from selling digital downloads of music through a partnership with Amazon.com.
http://nytimes.com/2008/09/16/technology/16myspace.html
http://iht.com/articles/2008/09/16/technology/myspace.php

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