MySpace to sell music from nearly 3 million bands

MySpace, the wildly popular online teen hangout, said on Friday it will make its first move into the digital music business by selling songs from nearly 3 million unsigned bands… MySpace will offer independent bands that have not signed with a record label a chance to sell their music on the site. MySpace says it has nearly 3 million bands showcasing their music… The bands will decide how much to charge per song after including MySpace’s distribution fee, said Rusty Rueff, the chief executive of Snocap, which will manage the e-commerce service.—MySpace to sell music from nearly 3 million bands


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