MySpace to be launching pad for next big things in music

By Simon van Wyk

The hot news in the music industry this week is that MySpace is planning to sell music - allowing bands both known and unknown, to sell their songs online, for whatever price they want. With the social networking site’s reach (over 100 million registered users), the MySpace music store may well provide a serious challenger to Apple’s iTunes.

Bands (about 3 million are signed up to MySpace) are already finding that MySpace is an effective way to promote their music and reach an ever extending audience. Those 100 million users are spending serious time connected on the site, and when the music store opens, it may well provide the hottest launching pad for the next big things.