The 400-pound gorilla of social networking, MySpace.com, announced Friday it plans to enter the online music business by letting unsigned bands and artists sell music via MySpace.com pages.
“MySpace has become one of the largest promotional tools for artists and labels to distribute their music to fans,” said Chris DeWolfe, MySpace CEO, in a statement. “By introducing a powerful commercial tool set into the industry, we expect to see artists translate their community reach into sales, ultimately allowing more bands to make a living and connect with fans.”
