MySpace entering digital music market with indie bands

Popular social networking website MySpace has announced plans to launch a major digital music service. The News Corp.-owned site, which currently has 106 million users, said it will offer music from nearly 3 million unsigned, independent bands before the end of the year. “The goal is to be one of the biggest digital music stores out there,” said MySpace co-founder Chris DeWolfe. “Everyone we’ve spoken to definitely wants an alternative to iTunes and the iPod. MySpace could be that alternative.” The indie songs will be sold in unprotected MP3 format, compatible with the iPod. Bands will decide how much to charge per song after including MySpace’s distribution fee. DeWolfe said MySpace will be “enhancing and customizing” its online music service to eventually offer copyright-protected songs from major record companies.

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