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Facebook May Dive Into Digital Music

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Oct 17, 2008 

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Kathleen  |

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Facebook May Dive Into Digital Music

ADOTAS – Facebook is ripping a page from MySpace’s playbook and delving into the digital music business, according to The New York Post. Facebook’s chief, Mark Zuckerberg, is reportedly in discussions with executives at several social music sites, like Rhapsody.com, iMeem.com, iLike.com and Lala.com about a potential outsourcing deal.The social site does not plan to ape MySpace’s equity-trading strategy. Facebook will reportedly shy away from nailing down music-distribution licenses in exchange for equity in various music ventures.

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