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MySpace developing digital download store

On the heels of iTunes and the reformed Napster, the incredibly popular peer networking site MySpace is developing its own digital download store. Mypurchase will allow users to buy music from MySpace artists directly from the site.

MySpace is psyched for the sales and revenue potential. Artists are concerned about what sort of cut MySpace will take, and the practicality issues of distributing single songs over entire albums. iTunes currently charges users $.99 per song, $.70 of which goes directly to the artist. MySpace has not announced their revenue sharing plan. Currently MySpace artists can place four free songs on their pages and choose to allow other users to add them to their own pages. By Caroline Gutierrez

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