MySpace Considering Charging For its Streaming Music

In an effort to bolster sagging revenues and make up for an ad deal with Google that expires later this year, MySpace is considering charging for its streaming music section. The music section is the most heavily viewed area of MySpace.myspace considering charging for its streaming music myspacemusic2 sl072409

The website Side-Line is reporting that MySpace is currently spending upwards of $20 million on streaming royalties. Other reports contradict the figure, but there is no question that the music service is losing money at an alarming pace, and things are only going to get worse.

In 2006 when MySpace ruled the social networking world, Google agreed to $900 million deal to place search ads within MySpace. The contract expires in August, and while negotiations are currently underway, any new deals would likely not be anywhere as close to the original.

In 2008 MySpace officially surrendered the crown of social networking king to Facebook, and in 2009, News Corps.- the Rupert Murdoch owned corporation that owns MySpace- was forced to admit that the website could not generate the necessary traffic to honor the full deal, which lowered the income by $100 million. If a new deal is not signed, MySpace could be losing more than $300 million in revenue, but regardless of any new agreements, MySpace will soon lose a huge stream of revenue.

MySpace is currently in discussions with Google, Yahoo, and Microsoft about new search advertisement deals, but there are rumors that MySpace may soon be up for sale, which could further complicate the future of MySpace. MySpace Music is the most successful portion of MySpace, and is responsible for driving the majority of the traffic required to fulfill the search agreement with Google. If the site does begin to charge, the traffic will slow, which further jeopardizes any potential deals.

In an odd twist, Techcrunch.com has reported  that MySpace UK has seen its traffic halved in the past six months, and that rival Facebook is helping keep the site alive as its third biggest referrer of traffic. MySpace UK has denied the drop in traffic is nearly as bad as reported.

No word on what the cost would be for a subscription model to the music site, or when this may happen. Regardless, things are not looking good for MySpace, or for the scores of smaller musicians that have begun to rely on MySpace to help get their name out.

Mobile

Apple to boost its Amazon presence with listings for iPhones, iPads, and more

Apple is about to start offering more of its kit on Amazon. The tech giant currently only has very limited listings on the shopping site, but the deal will see the arrival of the latest iPhones, iPads, MacBooks, and more.
Music

Here's our head-to-head comparison of Pandora and Spotify

Which music streaming platform is best for you? We pit Spotify versus Pandora, two mighty streaming services with on-demand music and massive catalogs, comparing every facet of the two services to help you decide which is best.
Mobile

The 100 best Android apps turn your phone into a jack-of-all-trades

Choosing which apps to download is tricky, especially given how enormous and cluttered the Google Play Store has become. We rounded up 100 of the best Android apps and divided them neatly, with each suited for a different occasion.
Mobile

These 100 best iPhone apps will turn your phone into a jack-of-all-trades

The iPhone is the most popular smartphone in the world, and we want to bring out the best in yours. Behold our comprehensive list of the best iPhone apps, from time-saving productivity tools to fun apps you won’t be able to put down.
Computing

Apple discontinues AirPort Extreme, Time Capsule as it exits Wi-Fi router business

Apple is now officially no longer in the router business. The company had already stopped selling the AirPort Express, and now its retail stores and websites have stopped offering the AirPort Extreme and Time Capsule.
Computing

Secure your Excel documents with a password by following these quick steps

Excel documents are used by people and businesses all over the world. Given how often they contain sensitive information, it makes sense to keep them from the wrong eyes. Thankfully, it's easy to secure them with a password.
Computing

Crypto hangover could take blame for Nvidia’s potential GeForce RTX 2060 delay

Nvidia's delay in announcing a ship date for its GeForce RTX 2060 GPU could be due to a burst in the cryptocurrency mining bubble. Executives blamed the crypto hangover for an oversupply of inventory on existing GTX 1060 cards,
Computing

Lost your router? Here's how to find its IP address to help track it down

Changing the login information for your router isn't always easy, that's why so many have that little card on the back. But in order to use it, you need to know where to go. Here's how to find the IP address of your router.
Computing

PDF to JPG conversion is quick and easy using these simple methods

Converting file formats can be an absolute pain, but it doesn't have to be. We've put together a comprehensive guide on how to convert a PDF to JPG, no matter which operating system you're running.
Computing

Save $900 on the ThinkPad X1 Carbon and more with Lenovo’s Cyber Monday sales

In the latest set of holiday sales, Lenovo is heavily discounting its fifth-generation ThinkPad X1 Carbon and other popular Windows laptops and 2-in-1s for the holiday shopping season.
Computing

Want to make one hard drive act like two? Here's how to partition in Windows

If you don't want all of your files stored in one place but only have one drive to work with, partitioning is your best way forward. Here's how to partition a hard drive in Windows 10, step by step.
Computing

Go hands-free in Windows 10 with speech-to-text support

Looking for the dictation, speech-to-text, and voice control options in Windows 10? Here's how to set up speech-to-text in Windows 10 and use it to go hands-free in a variety of different tasks and applications within Windows.
Computing

These cheap laptops will make you wonder why anyone spends more

Looking for a budget notebook for school, work, or play? The best budget laptops, including our top pick -- the Asus ZenBook UX330UA -- will get the job done without digging too deep into your pockets.
Smart Home

All the best Amazon Black Friday deals for 2018

Amazon may be an online-only retailer, but that doesn’t mean its Black Friday sales are anything to sniff at. In fact, due to its online status, Amazon has huge flexibility with the range of products and deals it can offer. Here's our…