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MySpace Music: A Forgotten Casualty Of The Streaming Wars

Postby MrFredPFL » Wed Mar 20, 2019 12:36 am

Story : https://www.forbes.com/sites/joshmandell/2019/03/19/myspace-music-a-forgotten-ca





Musicians and fans across the world this week are lamenting the loss of an estimated 50 million songs that once lived on MySpace. The news brings back bittersweet memories of the creative output that the social network nurtured, but was unable to preserve for future generations.

For a brief, mostly forgotten moment, MySpace was poised to lead the digital transformation of the music industry. If that had happened, its massive archive of uploaded music might still be around, existing alongside the most streamed songs of 2019.

When MySpace was revolutionizing social media in the 2000s, the music business was struggling through an existential crisis. Total revenue from U.S. music sales and licensing was cut in half by the end of the decade, as sales of CD’s plummeted and illegal free downloads became ubiquitous on the internet.

MySpace, as a global hub for free music, may have contributed to this plight in some ways. Universal Music Group sued MySpace in 2006, alleging widespread piracy of songs and videos on its social network.







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