The Internet Archive has now published a catalogue of 490,000
MySpace songs uploaded to the service between 2008 and 2010.
They have spent millions re-designing and re-thinking
Myspace from scratch and the new version (previewed at http://new.myspace.com/play) sports a sleek, modern look and some fascinating new features.
Rupert Murdoch, chairman and CEO of News Corp, ventured boldly into social networking waters, predicting that
MySpace would be making advertising revenues of USD1bn before 2008 was over.
The source said further that over 50% of
Myspace's 500 employees would be laid off following the sale.
Reuters reported in November that News Corp was open to a sale of
MySpace after its relaunch as an entertainment site.
"Our new strategy expands on
Myspace?s existing strengths - a deep understanding of social, a wealth of entertainment content and the ability to surface emerging cultural trends in real-time through our users," Jones said.
FAN employees will be joining the
MySpace organisation.
Since being eclipsed by facebook,
MySpace has worked to position itself as a platform for musicians and their fans but Miller said that the site intends to "go younger, go youthful".
The
MySpace site, however, lets young people get the information in a more familiar and comfortable manner.
And why not, given that
MySpace is one of the few online destinations, outside Facebook, that regularly attracts 70 million people who are eager to chat about pop culture.