The social network
MySpace is doing everything so that adolescents are not cooled to it. Soon, network members will be able to sell on-site music of their own production. Millions of potential buyers and minimal deductions for an online storefront - teenagers seem to be happy.
About the intention to make the first step in the music business, the company MySpace reported on Friday, reports
Reuters . Social network users will have the opportunity to sell music online. That is, this is not about a regular showcase for big labels, but about a platform for beginners or non-professional musicians.
The assumption that the service will be more than demanded is confirmed by the figures: about 3 million “bands” dwell in the MySpace network, who do not have enough money to sign up for a studio and promote their name.
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MySpace has enough customers too - the network’s audience is estimated at 106 million people. Not so long ago, the site
ranked first in popularity in America, overtaking
Yahoo and
Google . The network’s top management has ambitions to create a service that would become a worthy alternative to
iTunes , and they may be justified.
Make musicians happy by the end of 2006. Authors will be able to sell their works on their own pages on MySpace and on the pages of their fans. Files will be placed in a copy-protected MP3 format that supports many modern players, including Apple's iPod. Musicians will set the prices for the goods themselves.
According to representatives of MySpace, the developer of the technology was Snocap Inc. All files for sale will first be checked by a special service for possible copyright infringements.
The expected percentage of contributions to the MySpace account has not yet been named. It is known, however, that it will be quite small, since the company is going to keep prices low. It was also announced that
eBay and
PayPal have been invited to cooperate with MySpace - through this payment service, it’s likely that mutual settlements will be made.