Facebook giving stock to Universal Music? Full length songs removed from Myspace for Universal Music artists - Ouch to MySpace.
By Steve Poland • December 3, 2007
Very interesting — the only reason MySpace still really exists, is because every music artist is on it. As Universal retracts full songs from MySpace, that cripples MySpace a bit — and will get users to go to other services like Facebook, iLike, Purevolume … [if Universal isn’t telling artists to remove full songs from those services].
Does Universal have ownership in any of MySpace’s competitors? Wouldn’t surprise me if Facebook gave them some stock in an effort to get consumers to follow artists over to Facebook.
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