MySpace.com

AP: Sexual Predators in Conn. Used MySpace.com to Find Teenage Victims

Authored by Mark Hefflinger on February 3, 2006 - 6:28am.
Hartford, Conn. - The Associated Press reported on Friday that police in Middletown, Conn. are investigating as many as seven allegations of sexual assault where predators met their alleged underage victims through the MySpace.com social networking service. The teenage girls, ages 12 to 16, say they were fondled by or had consensual sex with men they met on MySpace, who turned out to be older than they claimed on the site. Los Angeles-based MySpace, which stipulates that its users must be at least 14 years old, said in a statement that it is "committed to providing a safe environment for its users."

Social Networking Site MySpace.com Launches Record Label

Authored by Mark Hefflinger on November 3, 2005 - 3:38am.
Santa Monica, Calif. - MySpace.com, the social networking site with 35 million members recently acquired by News Corporation, announced on Thursday the launch of its own record label, an imprint of Universal Music Group's Interscope Records. Some 550,000 band pages are among the user profiles on MySpace. where bands post songs and tour dates, while users can add bands as "friends" and communicate through blogs and message boards. Major label acts including Madonna, Coldplay and Nine Inch Nails have also used MySpace to promote new releases, often offering pre-release streaming samples. The first release on MySpace Records will be a compilation, "MySpace Records: Volume I," featuring tracks from Weezer, Fall Out Boy, AFI and Dashboard Confessional. Also featured on the compilation is Hollywood Undead, a Los Angeles-based band whose album will be the first proper release on the label, scheduled for the second quarter of 2006. "Radio has become less and less important...MySpace, by getting so huge, can truly move the needle in terms of musical tastes," MySpace CEO Chris DeWolfe told Reuters, adding that he is currently talking to four additional bands about signing to the label.

WIRED: MySpace.com Helps Independent Bands With Promotions

Authored by Mark Hefflinger on November 2, 2005 - 3:45am.
San Francisco - The latest issue of WIRED magazine features an article on the social networking service MySpace.com, and the marketing potential for bands using the site, whose 3 million user pages include some 400,000 created by bands. MySpace claimed more page views than Google in August (9.4 billion), and says 3.5 million new users are signing up each month. Many users add bands to their list of "friends," so they can hear about new songs and tour dates. The site has helped enable bands including Hawthorne Heights, Fall Out Boy and My Chemical Romance to achieve record sales surpassing 500,000 without a record label contract.

Myspace.com Parent Company Intermix Gets $4 Million Investment

Authored by Mark Hefflinger on December 8, 2004 - 3:46am.
Los Angeles -- Intermix Media, an online media and entertainment company that operates the Myspace.com social networking service, announced on Wednesday that it has received a $4 million equity investment from Redpoint Ventures. Under the terms, Redpoint will receive one million shares of Intermix, and a warrant to purchase an additional 150,000 shares at a price of $4 per share, in return for a minority stake in MySpace, Inc. Separately, Intermix announced the departure of chief financial officer Tom Flahie, for personal reasons. Los Angeles-based Intermix said that Myspace.com, whose rivals include Friendster, is currently adding an average of 35,000 new members daily. The company will use the funds to further expansion of the MySpace infrastructure, reduce the interest of its early investors and founders, and position the company for continued growth and evolution.