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Chaos Inside MySpace Music

TheDeal is reporting near chaos inside MySpace Music as they push for a September launch.  The highlights:

  • Myspace "MySpace Inc's search for a new CEO...has hit a number of snags, not the least of which is that its preferred candidates have declined the job...A source with knowledge of the situation says the company's technology team has (also) warned...not to bring in a CEO...close to launch for fear that a new executive would demand changes that would threaten the development team's timeline."
  • "...the technology team's push to launch MySpace Music in September as "all-consuming and desperate"...
  • adding that any further delays could jeopardize the venture's relationships with content partners."
  • "Among those who have rejected the CEO slot at MySpace Music are Topspin Media CEO Ian Rogers; former AOL executive Jim Bankoff, now with buyout firm Providence Equity Partners; BigChampagne Inc. chief executive Eric Garland; and Benchmark Capital entrepreneur-in-residence Dave Goldberg, formerly of Launch Media Inc. and Yahoo Music." (more)