Myspace Looking to Compete With Pandora/Spotify
 

The long-term plan is to morph Myspace into a Pandora/Spotify competitor.

From the Article

The pitch deck outlines how Specific Media, now known as Interactive Media Holding, thinks it can turn Myspace around by morphing it into a Spotify and Pandora competitor. It’s betting it can win because of the Myspace brand association with music and the fact that 50% of its streaming plays today come from unassigned artists it won’t have to pay royalties to. It would have to win big because Myspace is hemorrhaging money. News Corp took a nasty hit buying Myspace for $580 million in 2005 when it was still growing fast. But Myspace’s core tech was rotten, and its lack of the real-world social graph let Facebook quickly usurp it. Myspace sunk like a stone, and News Corp ended up selling it to Specific Media for a lousy $35 million last summer.

myspace was a huge part of my awkward teenage years, but i think they need to give it up.

Umm.... So, unsigned artists or what? Do they think artists are just gonna give them their music to stream for free without paying royalties if they became a service like that? Because that's not how it works for any other service... And I can't imagine "50%" of artists being cool with that.

Spotify > All

I'm with you Timberlake, LETS DO THIS.

This.

they're about two years too late; they've got some serious catching up to do.

Rdio is better than Spotify.

If they want to make money out of this website, they should just turn it into a porn website.

go away myspace.

What can it do that Spotify can't?

Out of curiosity...not being a smartass.

Myspace may be garbage now, but I think they'll be quite the hit once they launch new.myspace.com.

http://vimeo.com/50071857 The site looks pretty excellent, clean & sleek. Facebook looks outdated in comparison...

I don't know why people are so opposed to this?

Facebook looks outdated compared to most things.

Just die already.