MySpace Music, that long slumbering music unit of the struggling social network, is considering whether to begin charging users, according to a source close to the negotiations.
The source said Wednesday that MySpace Music execs have spoken to some of the top labels about creating a subscription service. This apparently confirms a report published Tuesday by the Web site of Side-Line, a music magazine. Citing sources close to News Corp., parent company of MySpace, the publication said it wants to move MySpace Music to a paid model and that it's burning through a lot of money each month.
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