11 Apr 2008 05:59 am
Music and MySpace go together like cheddar and macaroni, so it’s not surprising to see News Corp.’s (NYSE: NWS) social networking site in serious negotiations with major music labels to launch a revenue-sharing platform. Yesterday’s New York Post details how Warner Music Group (NYSE: WMG) and Sony BMG — a partnership between Sony (NYSE: SNE) and Bertelsmann Music Group — are close to signing a deal that will create new revenue channels in ad-supported music and music videos, pay-per-downloads, and mobile phone delivery.