Newspaper article from our research archive:
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MySpace joins major recording labels to challenge Apple.
- Article from:
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New Zealand Herald (Auckland, New Zealand)
- Article date:
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April 5, 2008
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Copyright informationCOPYRIGHT 2008 Independent News & Media PLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK: News Corp's MySpace, the world's largest social network website, has formed an online music venture with three major recording companies in a challenge to Apple's dominant iTunes Music Store.
Vivendi's Universal Music Group, Sony BMG Music Entertainment and Warner Music Group have minority stakes in the new MySpace Music venture.
MySpace Music will offer free music and video streaming supported by advertising, paid-for MP3 downloads, ringtones for cellphones, concert ticket sales and merchandise.
Chris De Wolfe, chief executive of MySpace, said the launch date of the new service was "fluid" with commercial features being added to the site over the next ...
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