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Labels Unhappy With MySpace Music Revenue

Myspace_music logo The major label partners who co-own MySpace Music are pleased with the traffic that the service is generating. But during a recent closed door meeting the labels also made it clear that they are not pleased with the revenue they are receiving, according to a variety of sources.

The labels are pushing for more integration with the greater MySpace site, as well as, other changes that might drive sales. The freedom which MySpace offers users to create profile designs has created a behind the scenes nightmare for developers trying to integrate additional features.

Courtny Holt SCORE ONE FOR COURTNEY

New MySpace Music chief Courtney Holt apparently impressed the labels with his willingness to listen and promises for change. One source told cNet that all the labels appear "very confident" in Holt and "nobody is panicking."

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