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Written by tinfoil
on
Saturday, 02 September 2006 15:21
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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.
Songs can be sold on the bands' MySpace pages and on fan
pages, in non-copyright-protected MP3 digital file format,
which works on most digital players including Apple's
market-dominating iPod. 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. Snocap provides digital licensing and copyright
management services and was started by Napster founder Shawn
Fanning.
Rueff said the "small" distribution fee was not yet fixed.
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