Facebook eyes digital-music business
- Facebook's founder & Chief Executive Mark Zuckerberg plans to enter in the digital-music arena in the wake of the launch of News Corp's. Zuckerberg is talking to huge number of song with lots different version and music community sites will be added.
The Post quoted sources saying that unlike MySpace, which traded equity in its music venture in exchange for licences to stream ad supported songs, Facebook doesn't want to secure licences to distribute music, or build a proprietary service from scratch. Sources further cautioned that nothing was imminent, and Facebook may ultimately walk away from the plan altogether the paper reported.
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