MySpace.com plans to let its 77 million users sell music downloads, another move by corporate parent News Corp. to make the social networking site as profitable as it is popular.
Shawn Fanning, whose Napster software upended the music industry in 1999, will provide technology that enables musicians on MySpace to sell songs directly to fans — and even for fans to sell to one another.
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When the tentatively dubbed MyStore launches this year, bands will be able to price and sell songs in the MP3 format, which works on Apple Computer Inc.’s popular iPod players as well as rival devices powered by Microsoft Corp. software.
Although the service is aimed at independent acts, MySpace is in talks with all four major music labels to possibly offer the works of big-name artists. As with many new forms of online distribution, the big labels are waiting to see how well the technology works before striking deals.
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