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Thursday, 6 November 2008 - MySpace could develop a digital music player: CEO | Technology |
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      My Profile    Postcards to the President Messages from citizens around the world Watch Now You are here: Home > News > Technology > Article Home Business & Finance News U.S. Politics International Technology Internet Entertainment Sports Lifestyle Oddly Enough Environment Health Science Special Coverage Video Pictures You Witness The Great Debate Blogs Reader Feedback Do More With Reuters RSS Widgets Mobile Podcasts Newsletters You Witness News Make Reuters My Homepage Partner Services CareerBuilder Affiliate Network Professional Products Support (Customer Zone) Reuters Media Financial Products About Thomson Reuters MySpace could develop a digital music player: CEO Thu Nov 6, 2008 11:44pm EST   Email | Print | Share | Reprints | Single Page [-] Text [+] By Anupreeta Das SAN FRANCISCO (Reuters) - MySpace, the popular online social network owned by Rupert Murdoch's News Corp, could develop a digital music player in the future, pitting it against Apple Inc's hot-selling iPod. But there are no immediate plans to make or sell such a device, MySpace co-founder and Chief Executive Chris DeWolfe said at a conference in San Francisco on Thursday. "It's possible" that MySpace, which recently launched a music joint venture with major music labels, could eventually build a device for listening to music, DeWolfe said in response to a question from conference host John Battelle. "Right now, we're just focusing on the service," DeWolfe said at the Web 2.0 summit. MySpace, the largest online social networking site, launched MySpace Music in September, aiming to become the ultimate one-stop for music fans. The joint venture between MySpace and major music labels such as Sony BMG Music, Universal Music Group and Warner Music Group lets people access a range of new music services, including streaming, music and ringtone downloads, videos, ticketing and merchandising. McDonald's, Sony Pictures, Toyota and State Farm are advertising sponsors of the site. "We wanted to come up with a program that meets the needs of music companies and artists, by definition, and users," DeWolfe said. People streamed music more than 1 billion times in the first few days and have created 80 million playlists since the launch, DeWolfe said. Five million bands upload their music to the site. Music companies have been keen on another major player to boost sales by driving competition to iTunes -- Apple's digital music store and the top U.S. music retailer -- even as CD sales have fallen in recent years. MYSPACE VS ITUNES Warner Music Group Chief Executive Edgar Bronfman said MySpace was different from iTunes in its focus on "community and sharing." People can share playlists, peruse their friends' music choices and discover new songs that way, Bronfman said at the conference. Apple too has recently started "Genuis," which builds playlists and offers recommendations based on songs in a person's iTunes library. But DeWolfe said the "Genius" feature doesn't make iTunes a competitor to MySpace Music because Apple continues to focus on selling their music devices. "If anything, we'll be accretive to iPod sales" as people use MySpace Music to download more music and videos for their iPods, DeWolfe said. "Unless we develop a device," he added.  Continued... View article on single page   Share: Del.icio.us Digg Mixx My Web Facebook LinkedIn     Next Article: REFILE-MySpace could develop a digital music player -CEO     Also on Reuters Measuring extinction, species by species Slideshow  Thousands of civilians flee fighting in Congo Obama's tone welcome in Mideast, change needs time Editor's Choice Pictures Video Articles Slideshow  A selection of our best photos from the past 24 hours.  Slideshow  Palin's future Congo crisis Big winners Top News: Media bias largely unseen in election Technology: 3D gives taste of life, combat in Rome Lifestyle: How about a $1 million Bangkok meal? Most Popular on Reuters Articles Video Recommended Al Gore group urges Obama to create U.S. power grid Obama to talk economy, meet the press  |  Video Scientists say a rock can soak up carbon dioxide Oil rebounds above $61 on weak dollar Singapore DBS says no Las Vegas Sands loan default UPDATE 2-Microsoft CEO pours cold water on Yahoo interest Victim drives sleeping rapist to police station Bush administration wants arms talks with Russia Convicted Stevens holds slim lead in Senate race Chrysler cash drains away as crisis deepens: sources Most Popular Articles RSS Feed Video  Sarah Palin's future Bush promises smooth transition From victory to reality Obama's promise Latin America reacts to Obama Beating Somalia's pirates Obama makes key appointment Obama's road to Kabul Pelosi: great expectations for Obama Dawn of a post-racial era? Most Popular Videos RSS Feed Reuters Deals The global destination for corporate leaders, deal-makers and innovators Knowledge to Act Reuters.com:  Help and Contact Us  |  Advertise With Us  |  Mobile  |  Newsletters  |  RSS  |  Interactive TV  |  Labs  |  Reuters in Second Life  |  Archive  |  Site Index  |  Video Index Thomson Reuters Corporate:  Copyright  |  Disclaimer  |  Privacy  |  Professional Products  |  Professional Products Support  |  About Thomson Reuters  |  Careers   International Editions: Africa  |  Arabic  |  Argentina  |  Brazil  |  Canada  |  China  |  France  |  Germany  |  India  |  Italy  |  Japan  |  Latin America  |  Mexico  |  Russia  |  Spain  |  United Kingdom  |  United States   Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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