MySpace Music: A Forgotten Casualty Of The Streaming Wars [Forbes]
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Source: Forbes
MySpace Music: A Forgotten Casualty Of The Streaming Wars MySpace and the Universal Music Group website as they appeared on November 17, 2006. Photographer: Daniel Acker/Bloomberg News. BLOOMBERG NEWS Musicians and fans across the world this week are lamenting the loss of an estimated 50 million songs For a brief, mostly forgotten moment, MySpace was poised to lead the digital transformation of the music industry. If that had happened, its massive archive of uploaded music might still be around, existing alongside the most streamed songs of 2019. When MySpace was revolutionizing social media in the 2000s, the music business was struggling through an existential crisis. Total revenue from U.S. music sales and licensing was cut in half MySpace, as a global hub for free music, may have contributed to this plight in some ways. Universal Music Group sued MySpace But the major record labels eventually came to see MySpace as a potential partner for a new digital business model that wouldn’t
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