February 18, 2008

News Corp. Working On Music ‘Hulu’ For MySpace

PaidContent has learned that News Corp. is pursuing a music joint venture for MySpace—similar to Hulu, its video joint venture with NBC Universal. MySpace would be the operator with the major music labels as content providers and equity partners. Music would be DRM-free and ad supported. No label has signed yet but a source familiar with the situation said that could change in a matter of weeks. (PaidContent)