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Myspace Looking to Compete With Pandora/Spotify

Posted by: Jason Tate (11/19/12)
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.
    
 
Displaying posts 1 - 15 of 43
12:20 PM on 11/19/12
#2
heyzombiehitler
has feelings
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myspace was a huge part of my awkward teenage years, but i think they need to give it up.
12:22 PM on 11/19/12
#3
UnderMyDreams
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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.
12:27 PM on 11/19/12
#4
blindrider529
***NICKEL CREEK*** <--GO LISTEN NOW
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Spotify > All
12:28 PM on 11/19/12
#5
Jake Denning
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I'm with you Timberlake, LETS DO THIS.
12:38 PM on 11/19/12
#6
specialeds281
Every word Handwritten.
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I'm with you Timberlake, LETS DO THIS.
This.
12:39 PM on 11/19/12
#7
Jake Jenkins
https://twitter.com/jakej654
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they're about two years too late; they've got some serious catching up to do.
12:42 PM on 11/19/12
#8
saywhatever
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Rdio is better than Spotify.
12:44 PM on 11/19/12
#9
popdisaster00
Two years is a long time to pretend
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If they want to make money out of this website, they should just turn it into a porn website.
12:48 PM on 11/19/12
steve187
nah
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go away myspace.
12:48 PM on 11/19/12
blindrider529
***NICKEL CREEK*** <--GO LISTEN NOW
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Rdio is better than Spotify.

What can it do that Spotify can't?

Out of curiosity...not being a smartass.
12:50 PM on 11/19/12
SassMaster3000
you're the lion
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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...
12:50 PM on 11/19/12
SomedayTheFire
when I die there'll be no trumpets
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I don't know why people are so opposed to this?
12:50 PM on 11/19/12
SomedayTheFire
when I die there'll be no trumpets
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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.
12:51 PM on 11/19/12
Manufactured Dreams
Fabricated Revolution
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Just die already.
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