Chief Prognosticator

MySpace Looking to Legitimize Its Music

That’s the news according to CNN.com. It seems that the most popular social network portal out there is looking to boost up its online music offering by teaming up with major record labels. The move would bring streaming of the biggest hits to MySpace pages — something that is currently lacking. The deal would also create a way for MySpace users to buy downloadable music directly from the site, potentially opening up a large revenue stream from record companies.