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The launch of MySpace Music–you know, the joint venture between MySpace and the major labels that’s going to change everything, or at least get the biz some semi-positive press for a couple of days after it launches–is rumored to be delayed until at least next week. Or maybe later. Where can I place a bet on this thing actually launching before the end of the quarter? I’m feeling lucky! [Silicon Alley Insider]
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I’ll share here my theory that the snag is News Corp.’s inability to lock up a deal with EMI. They don’t want to launch the venture without music from all the majors. “Sources say” a deal is near, but there seem to be some last-minute sticking points.
@Rob Murphy: Agreed.
Re: Maura, maybe we should come up with futures based on various music-industry happenings. Then we could short MySpace Music actually launching, market-that-fucked-Lehman-Brothers-style.
My guess is end of October, and the CEO they hire will be the guy who helps them close EMI.