2008 – As expected, MySpace officially announced…

my-space

2008 – As expected, MySpace officially announced its MySpace Music service on Thursday. The move clears up much of the speculation and conflicting reports surrounding the much-rumored launch, but not all.

Set in stone are the participants. All major labels save EMI Music Group are onboard, having finalized licensing deals as late as last night. EMI is expected to come to an agreement soon. Its absence is blamed primarily on the changing management structure of the company. EMI just Wednesday named a new digital business president, who will start April 28.

Not yet included are independent labels and aggregators. According to MySpace CEO Chris DeWolfe, the initial effort was focused on getting buy-in from the major labels.

http://www.myspace.com/stusweatman

Chief Editor: This day in rock.

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