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MySpace Will Sell Songs

The popular MySpace said that it will try to enter the digital music industry by selling songs from around 3 million unsigned bands. MySpace is one of the many companies that try to take on Apple Computer`s iTunes Music Store, but unlike the rivals, it already boasts 106 million users, as well as the backing of its parent company News Corp.

MySpace co-founder Chris DeWolfe said: "The goal is to be one of the biggest digital music stores out there. Everyone we`ve spoken to definitely wants an alternative to iTunes and the iPod. MySpace could be that alternative." MySpace.com has become recently the single most visited Internet address among U.S. Web users, with mainly teenagers and young adults using the site to socialize, share music and photographs.

According to De Wolfe, before the end of the year 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 its music.