MySpace hasn’t been doing too well lately, which might be why News Corp chairman Ruper Murdoch has reportedly put it up for sale for $700 million, but it can still claim itself to be the leading social networking site for music. We’ll see how long that lasts.
YouTube is expected to announce on Wednesday March 17, 2010 that it will be diving head first into the music game with a new program dubbed Musicians Wanted.
The Google-owned video site currently has an ad revenue-sharing program, but up until now it has only been with artists who are already signed to a major label. With the introduction of this new program, Youtube will offer revenue-sharing to any and all independent artists.
For an already struggling Myspace, this is not good news.
For any of the many struggling musicians, this is great.