Popular Online Hangout!

One of the most popular online hangouts’s, MySpace is getting into the online download business. Their nearly 120 million users will be able to listen to free music, as much as they want. Now there’s a catch, you can only listen to the music through your computer using your MySpace account. And of course there will be ads you will be looking at. By offering this free to MySpace users will definitely hurt other online music sellers like iTunes. That’s because if you like the song you’re listening to you can buy it for as low as 79 cents from Amazon’s site. And the thing that will set this service apart from iTunes is that you can download the songs as many times as you want. Plus the song will work on any MP3 player. I think iTunes is going to be in a little bit in trouble here. The recording labels are loving this new service. They’re hoping this will bring their numbers back in line. I read that CD sales where a little over $12 billion in the late 1990’s. Today they almost reach $6 billion. That’s a huge drop in sales, which is why recording labels love this new service.