When Myspace first hit the social network scene,it was the most popular site for teenagers across the country to post pictures make profiles and friends. However, with the emergence of popular sites like Facebook and Twitter, Myspace traffic has declined rapidly. So what is keeping Myspace alive? Music of course! Today, MYspace has emerged into a leading online music community and leading independent music agency as well. MySpace Music emerged in he U.S. a year ago and plans to expand worldwide. MySpace continues to be the home for many independent artist and bands who dream of being international one day. But theres more! Last year some time 12,000 independent record labels joined forces to make one "major" label called Merlin. This label is virtually supposed to be the "fifth" major label next to Sony BMG, Universal,Warner and EMI. It represents ten percent of the global music market and has now joined forces with the MYSpace Music community. This deal will allow members within the community to purchase and stream music from artsit affiliated with Merlin. Merlin labels will be able to monetize their content through MySpace and easily track their fan engagment.(press-releases.techwhack.com)
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