MySpace Music Streamed +1 Billion Songs in a Few Days?
There is a lot of talk on the internet about MySpace streaming over a billion songs in the first few days of its’ service launch. But what MySpace is not telling you is that MySpace Music is nothing more than a new flash player on the already existing band profiles (which rank VERY high in terms of SEO ranking). I would estimate that most of the traffic that lands on these pages don’t have a MySpace account, thus don’t have the ability to turn off “auto play” — resulting in a number of started streams that never get finished.

Is this really a music streaming service or just a social network with a monetized flash player?
In my opinion, MySpace is inflating it’s numbers for the their equity partners (the 4 major record labels) — no doubt MySpace drives traffic to major bands’ profiles, but are they really monetizing that traffic with a new flash player? Probably not, but time will tell.
Technorati Tags: myspace, music, streaming

Oct 12th 2008
Ryan - I’m not sure those big music labels are equity partners with Myspace unless they’re buying stock in News Corporation.
I really do like your work and am impressed by your portfolio. How do you think this recent market turmoil affects you as an entrepreneur?
Oct 12th 2008
Allan,
It’s true, all 4 labels + Myspace are owners.
Take a look at this:
http://www.crunchbase.com/company/myspace-music
With the credit market frozen, it’s getting harder to find funding and it’s hard to look at your investments without getting sick