MySpace Inks Deal with Top Labels for Music Site

Hoping to leverage its enormously popular social network MySpace, News Corp. announced today a partnership with major record labels Sony BMG, Universal Music Group, and Warner Music Group to create MySpace Music. Record label EMI is noticeably absent from the deal.

MySpace Music is being billed by News Corp. as a place for music discovery, sharing, and socializing. MySpace Music will offer free streaming music paid for with advertising and tools for music management. You'll also be able to share customized playlists with friends, according to MySpace Music.

I tried to visit the new site music.myspace.com to take the service for a spin, but the site delivered the error message "server not found." Also promised with MySpace Music the ability to download tracks for playback on MP3 players and mobile phones.

Being considered by MySpace Music is a subscription-based music feature allowing you to pay a flat monthly fee for unlimited access to downloadable tracks.

Is the Internet lacking places to buy music?

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