AbsolutePunk.net

AbsolutePunk.net (http://www.absolutepunk.net/forum.php)
-  News (http://www.absolutepunk.net/forumdisplay.php?f=165)
  -  Myspace Looking to Compete With Pandora/Spotify (http://www.absolutepunk.net/showthread.php?t=2957252)

Jason Tate 11/19/12 12:14 PM

Myspace Looking to Compete With Pandora/Spotify
 
The long-term plan is to morph Myspace into a Pandora/Spotify competitor.
From the ArticleThe 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. Itís 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 wonít 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 Myspaceís 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.

heyzombiehitler 11/19/12 12:20 PM

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

UnderMyDreams 11/19/12 12:22 PM

Quote:

fact that 50% of its streaming plays today come from unassigned artists it wonít have to pay royalties to.

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.

blindrider529 11/19/12 12:27 PM

Spotify > All

Jake Denning 11/19/12 12:28 PM

I'm with you Timberlake, LETS DO THIS.

specialeds281 11/19/12 12:38 PM

Quote:

Originally Posted by Jake Denning (Post 115567742)
I'm with you Timberlake, LETS DO THIS.

This.

Jake Jenkins 11/19/12 12:39 PM

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

saywhatever 11/19/12 12:42 PM

Quote:

Originally Posted by blindrider529 (Post 115567702)
Spotify > All

Rdio is better than Spotify.

popdisaster00 11/19/12 12:44 PM

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

steve187 11/19/12 12:48 PM

go away myspace.

blindrider529 11/19/12 12:48 PM

Quote:

Originally Posted by saywhatever (Post 115568592)
Rdio is better than Spotify.


What can it do that Spotify can't?

Out of curiosity...not being a smartass.

SassMaster3000 11/19/12 12:50 PM

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...

SomedayTheFire 11/19/12 12:50 PM

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

SomedayTheFire 11/19/12 12:50 PM

Quote:

Originally Posted by SassMaster3000 (Post 115569142)
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...


Facebook looks outdated compared to most things.

Qadriyyah 11/19/12 12:51 PM

Just die already.