Will MySpace Music Stay Free? It’s Up To The Labels
At yesterday's TechCrunch Disrupt conference, MySpace co-presidents Jason Hirschhorn and Mike Jones were interviewed about the future of the struggling social networker.
On falling numbers –"We have 120 million unique visitors worldwide. US numbers have been fairly flat. Page views are down… substantially by design. MySpace used to have processes that took 10 page views that should have taken 1."
How important is music? "It’s incredibly important. The pedigree of MySpace is around musicians. Free streaming access from record labels. We’re building out all sorts of tools for musicians. Dashboards, presence management."
On reports that MySpace loose $10 million monthly on free music – "That’s not correct. The model works for us. At some point, we look at all different kinds of models. There will always be free music on MySpace… We’re constantly talking to the record labels… Right now, we’re a valuable music discovery service for them.”