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Myspace could be sold to Vevo, the online music website partly owned by the world's biggest record companies, according to three people with knowledge of the situation cited by Bloomberg. Unsurprisingly, News Corp. and Vevo are declining to comment.
That being said, nothing is final yet: the talks are preliminary and an agreement may not be reached. Under the scenario being discussed, News Corp. would exchange the Myspace social network for a stake in a new venture. Vevo is one of several parties looking at Myspace, though the other ones have not been disclosed.
Vevo, which offers advertising-supported music videos and which you've likely seen on YouTube, could draw on Myspace music assets, including artist and fan pages. Vevo is owned by Sony Music Entertainment, Universal Music Group, and Abu Dhabi Media with EMI licensing its content to the group without taking an ownership stake. The site went live on December 8, 2009, and that same month became the number one most visited music site in the US, overtaking MySpace Music, which also has investments from Sony Music Entertainment and Universal Music.
User Comments: 9
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nobodys gonna want Myspace, Although it is still used alot it is losing numbers to facebook. Everyone has facebook, and the people that don't are pretty much isolated, Well within my group of freinds and family anyway. I don't want to have a Facebook and myspace account there is only 1 spot for social network in the world market.
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I will give them a fiver for it.....
but....
I could buy some steak for a fiver, at least that would be useful.... and tasty....
Yeah, ill buy a steak instead.....
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Trillionsin said:
Steak sounds good... My Steak.
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stewi0001 said:
pay me and maybe then I'll take myspace. I wonder if Tom is still on myspace? XD Anyways I quit using myspace long ago because there was too many fake accounts that would spam my account. What ever ends up happening to myspace, I say good ridden!
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Let it die..it had its day..but now its just Wastedspace
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MySpace is like Facebook's seedy, back-alley cousin.
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People still use Myspace? Kill it with fire!
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Xclusiveitalian said:
Facebook should buy Myspace and destroy it
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yRaz said:
Myspace is the illegitimate child that the internet rejected. Facebook is like the little brother who is more successful than the older brother because he learned from older bro's mistakes. Only thing that myspace is good for now is music. Even then, is there any good music now-a-days?
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