Myspace to Sell Music

Now this is interesting; MySpace is going to let unsigned bands sell their music without any DRM (SnoCap is doing the technical stuff). The agreement includes "performance-based warrants" for purchasing stock in SnoCap, although I don't know what that means. MySpace gets to buy stock in SnoCap if the deal works out?

Many, many questions about this. What'll happen to signed bands on Myspace? Will the interface be as damned ugly as MySpace's setup? Of course I hope it embiggens the snoball (hah) towards eMusic-style clean downloads, and it can only be a good thing for unsigned bands. Very curious to see what it looks like. . .

tags: [Music], [Music news], [MySpace], [SnoCap]