Facebook eyes digital-music business
Friday 17 October 2008
Social networking site Facebook's founder and Chief Executive Mark Zuckerberg plans to enter the digital-music business in the wake of the launch of News Corp's MySpace Music last month, the New York Post said.
Zuckerberg is talking to a number of song-streaming services and music community sites, including Rhapsody.com, iMeem.com, iLike.com and Lala.com about an outsourcing deal, the Post reported, citing sources familiar with the situation.
Facebook executives have been busy meeting major record companies about the strategy, the paper said on its website.
The Post quoted sources saying that unlike MySpace, which traded equity in its music venture in exchange for licenses to stream ad-supported songs, Facebook doesn't want to secure licenses to distribute music, or build a proprietary service from scratch.
Sources further cautioned that nothing was imminent, and Facebook may ultimately walk away from the plan altogether, the paper reported.
Life & Style blogs
Kylie Jenner challenge: Bizarre lip suction device inspired by Kardashian sister goes viral
Women's sportswear: From tackling a marathon to a jog in the park, the right kit can help
Coachella Festival 2015: from Kendall Jenner to Alexa Chung, stars and festival-goers parade their boho best
What do the emoji on Snapchat mean?
$375 'peasant dress' enrages the internet
If I’m being racially abused I don’t need a stranger with a saviour complex to rescue me
The only black face in the Ukip manifesto is on the page about overseas aid
Ukip is the only main political party to not address LGBT rights in its manifesto
Food banks: One million Britons will soon be using them, according to Trussell Trust
Religion isn't growing, it is becoming vigorous in its demise, says philosopher AC Grayling
BBC election debate: The one photo that summed up the whole 90-minute leaders debate
- 1 Kylie Jenner challenge: Bizarre lip suction device inspired by Kardashian sister goes viral
- 2 Rarest Beanie Baby bought for just £10 at car boot sale could be sold for £62,500 on eBay
- 3 Katie Hopkins and The Sun editor are reported to police for incitement to racial hatred following migrant boat column
- 4 Bruce Forsyth backs assisted dying campaign: 'If I had Alzheimer's or dementia I would do something about it'
- 5 Giorgio Armani criticises the way some gay men dress saying 'a man has to be a man'
iJobs Gadgets & Tech
£14000 - £18000 per annum: Recruitment Genius: An Office Administrator is requ...
£40000 - £50000 per annum: Ashdown Group: Senior PHP Developer position with a...
£23500 - £25000 per annum: Recruitment Genius: Essex based I.T solution provid...
£18000 - £25000 per annum: Recruitment Genius: New exciting opportunity has ri...