MySpace seeks joint ventures for iTunes rival

MySpace, part of Rupert Murdoch’s News Corp empire, is trying to tie up deals with a number of record labels to produce its own digital music service to compete with Apple’s iTunes.Tentatively dubbed MySpace Music, the service would let users of the MySpace site play music on their computers while logged onto the site. They would also be able to buy and download tracks free of copyright protection.MySpace, which News Corp bought for $580m (£330m) in July 2005, is rumoured to have approached all four major music labels – Vivendi’s Universal Music, Warner Music, EMI and Sony BMG about becoming involved in the service. But cutting a deal with Universal would be conditional on the music company and MySpace settling a copyright dispute.
http://www.guardian.co.uk/technology/2008/feb/21/myspace.apple

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