Myspace has announced the details of their new music store. The Myspace music store will allow fans to stream millions of full songs for free using ad-support. The store will also sell digital downloads via Amazon.com's mp3 store.
Chris DeWolfe, the site’s co-founder explains:
"You’ll be able to see the top songs your friends are listening to. Eventually you’ll be able to buy tickets and merchandise and ringtones. When you look at things like iLike and Facebook, they don’t have the full songs, in most cases, and they don’t have official artist pages. People aren’t interested in music on Facebook in the way they are on MySpace, That’s one of the big keys here."
The site has struck deals with most of the major players in the recording industry.
*UPDATE* Myspace Music store has launched.
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