Home › DMW Daily › May 6, 2009

Report: Labels Unhappy With MySpace Music

Authored by Mark Hefflinger on May 6, 2009 - 9:25am.
San Francisco - At a board meeting of the MySpace Music joint venture between the News Corp.-owned (NYSE: NWS) social network and its major labels partners last month, "several key players were unhappy" with the service's performance thus far, CNET News.com reported, citing "a source with knowledge of the talks." The site served a reported 1 billion streams to users in its first week, but apparently has been less successful in converting song listeners into song buyers.

Some board members reportedly pushed for MySpace to "boost sales conversions and do more to integrate the service with the regular MySpace site."

Another source described the meeting as "tense" to CNET.

Courtney Holt, the former MTV executive who took the reins at MySpace Music five months ago, reportedly "conceded MySpace Music needed improving" at the meeting, but all the labels remain "very confident" in Holt, sources told CNET.

 

Related Links:
http://news.cnet.com/8301-1023_3-10234253-93.html

http://music.myspace.com

Published in DMW Daily, May 6, 2009
tags: Advertising | Social Networking | Music | Universal Music | Warner Music | News Corp. | EMI | Sony Music | MySpace Music | Courtney Holt |



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