Sony BMG, Warner said to be in harmony with MySpace Music

03/25/2008 | New York Post

News Corp unit MySpace reportedly is close to finalizing agreements with Sony BMG and Warner Music Group for a jointly run digital-music service. The deals call for the labels to share content for free with MySpace Music, and in return to receive a minority stake in the service and a piece of its anticipated ad revenues, according to this article. None of the companies commented for this story.

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