BREAKING: Facebook May or May Not Launch Music Service
by John Paczkowski
Posted on October 17, 2008 at 10:04 AM PT
Looks like Facebook CEO Mark Zuckerberg is suffering from a bit of Freudian MySpace Envy. Now that the rival social network has launched what MySpace CEO Chris Wolfe likes to describe as a “mega-music experience,” Facebook is said to be looking for a foothold in the digital music business as well. The New York Post reports that the social network is busy poking the major record labels to gauge their interest in a Facebook music offering. Unlike MySpace Music, which is a joint venture between MySpace and the “Big Four” music labels, Facebook’s music service would more likely take the form of an outsourcing deal with a streaming service like Rhapsody.com or Imeem.com. 
If there’s a music service at all. Said the Post, “Insiders familiar with the talks further cautioned that nothing is imminent, and Facebook may ultimately walk away from the plan altogether.”
Headless Story Found in Rumor-Filled Bar?
[Image Credit: New York Post]
Comments
“outsourcing”
Hard to build your infrastructure when you haven’t figured out how to make money on what you already have eh Mark?
Posted by Mac Beach at October 17th, 2008 at 1:52 pmzuckerberg is grasping at straws as his overvalued dating site now is pressed to produce earnings by its shark-like venture backers
and you thought the vc firms were your ‘partners’?
no, they’re the owners and the invoice is due
expect zuckerberg out as ceo next year and a new post created: chief illusionist officer
Posted by Sam Harrison at October 17th, 2008 at 1:55 pmZuckerberg had a great idea which caught on with people. But I don’t think he knows what else to do with it. In some ways, Facebook has taken on a life of it’s own and he’s become the scientist who no longer is in control of his creation.
Posted by Ken Okel at October 19th, 2008 at 7:18 pm