There Goes the MySpace Neighborhood

Remember when News Corp.'s (NYSE: NWS  ) MySpace was the place for garage bands? Indies everywhere flocked to the site, uploading as many as four songs, then letting the viral nature of the Web work its democratic magic. The wired world was just a click away from their demo tape.

The times, they may be a-changing. The majors are pulling in with their beefy moving vans, orchestrated marketing mantras, and polished tunes. MySpace is apparently negotiating with the major labels to launch a free streaming service and paid MP3 download offering through its site.

Sure, major-label artists have been making a home on MySpace for years. However, the launch of what is likely to be an ad-supported revenue-sharing service with the majors will draw even more ears to the commercialized fare. It will be that much harder for the garage-band artists to get noticed.

The time is ripe for an indie revolt. MySpace Music was so cool at first, even launching compilation CDs. Now it's selling out. Some music portals like CBS' (NYSE: CBS  ) have been helping indies monetize their digital tracks through ad-sharing deals. To be fair, even MySpace partnered with SnoCap to give unsigned artists a platform to sell their tunes through their pages.

However, where is Apple (Nasdaq: AAPL  ) in all this? Shouldn't the music leader be all over the indie movement by giving every artist a shot at the iTunes storefront? Where is CNET's (Nasdaq: CNET  ) The original site was the most popular hangout for indies to get heard until the site shut down and CNET acquired the domain. It's heading in its predecessor's direction, but it's taking a long time to get back to where the other left off. Where is Google (Nasdaq: GOOG  ) ? It has monetized hobbyist websites through AdSense and hobbyist writers through Knol, but there is still no ad-sharing product for musicians.

The time to strike is now. MySpace is vulnerable as the tour buses pump smoke into the streets. There goes the MySpace neighborhood, with nary a garage in sight.

More for musically inclined Fools:

Read/Post Comments (0) | Recommend This Article (2)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 581443, ~/Articles/ArticleHandler.aspx, 10/24/2016 3:31:44 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 2 days ago Sponsored by:
DOW 18,145.71 -16.64 -0.09%
S&P 500 2,141.16 -0.18 -0.01%
NASD 5,257.40 15.57 0.30%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

10/21/2016 4:00 PM
FOX $25.91 Up +0.55 +2.17%
Twenty-First Centu… CAPS Rating: ***
AAPL $116.60 Down -0.46 -0.39%
Apple CAPS Rating: ****
CBS $57.66 Up +1.17 +2.07%
CBS CAPS Rating: ***
CNET.DL2 $11.49 Down +0.00 +0.00%
CNet Networks CAPS Rating: ****
GOOGL $824.06 Up +2.43 +0.30%
Alphabet (A shares… CAPS Rating: *****