Myspace Sold To Specific Media

Myspace Sold To Specific Media
Following a previous report, News Corp. has sold its social media property Myspace to ad network Specific Media for $35 million, according to a report in The New York Times. News Corp., which acquired Myspace for $580 million in 2005, plans to retain a small stake in the company. also reported that Myspace expects to lay off 150 employees, or 37 percent of its staff, today. (6/29)

Google Unveils Google+
Google has unveiled Google+, a new social media platform that will aim to provide a new level of sophistication in online sharing between users, according to a report. Among the features the network will include are Circles, which allows for online sharing between smaller groups of users; Sparks, which aims to make it easier for users to find and share online content; and Huddle, a group messaging service that lets users instantly upload and share photos taken with mobile phones. Google+ is currently in the trial stage and accessible by invitation only. Details on when the service will be available to the public were not disclosed. (6/29)

Nevada, D.C., Missouri Among Highest Per Capita For Live Music
According to new data from secondary ticket search service SeatGeek, the state with the most live music per capita is Nevada, followed by Washington, D.C., and Missouri. The company ranked states based on concert density — the number of concerts per capita in a given state. Additional states with high concert densities include Colorado, Massachusetts, New Jersey, New York, and Washington, while states with the lowest concert densities are Alaska, Alabama, California, Hawaii, Nebraska, North Carolina, and West Virginia. (6/29)

Vevo Strikes Deal With Fuse
Music video site Vevo, a joint venture between Universal Music Group, Sony Music Entertainment and Abu Dhabi Media Company, has reached an agreement with TV network Fuse that will bring together both parties in a content sharing and syndication partnership. As part of the deal, Fuse will syndicate all videos controlled by the Vevo platform on its websites, including content from Vevo stakeholders EMI Music, Sony and UMG. Additionally, Fuse will have access to all of Vevo's original programming, including live streaming events and originally produced series. Vevo and Fuse will also collaborate on new programming. (6/29)

Email Newsletter