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MySpace CEO Owen Van Natta has confirmed in a Wednesday conference call that the News Corp.-owned social network has "entered into an agreement to acquire iLike," following rumors earlier in the week.

iLike's co-founders will remain at the company and stay headquartered in Seattle; the service will be "unaffected by the acquisition" in the short term.

Van Natta explained in the conference call that the acquisition is on behalf of MySpace Inc. rather than its MySpace Music division, a joint venture with the major record labels, because the company plans to extend its technology … Read more

Music service iLike is dependent on Facebook for 80 percent of its traffic and revenue, and that fact has suppressed iLike's value, say sources close to the music service.

MySpace has offered about $20 million to acquire iLike, a music recommendation site and provider of Facebook's most popular music application, sources with ties to iLike said. They added that the deal could close at any time. TechCrunch first reported the acquisition talks.

Some in Silicon Valley have speculated that MySpace isn't willing to pay more for iLike because it fears Facebook will boot iLike once its main … Read more

News Corp.-owned MySpace is "close to acquiring" social music service iLike, according to TechCrunch.

The price tag is rumored to be in the neighborhood of $20 million. Representatives from iLike were not immediately available for comment.

The report comes within days of iLike launching a music download store--a development first reported by CNET News--with MP3s available from all four major record labels.

The deal, if confirmed as accurate, highlights the often complicated connections in digital media's elite ranks.

iLike, for example, rose to fame through its close ties to Facebook. The iLike application, since re-branded to simply Music, … Read more

Social-networking service iLike opened a music download store on Friday, and has begun selling MP3s from all the major music labels.

On Wednesday, CNET News reported that iLike would soon open a store and offer song downloads from at least three of the major labels. The site actually is selling music from all four big record companies: Universal Music Group, Sony Music Entertainment, Warner Music Group, and EMI.

The prices are comparable with those found at iTunes and Amazon. Songs range in price from 89 cents to $1.29.

Companies competing in the ad-supported music space have struggled to generate … Read more

Facebook most's popular music application comes from iLike, and soon the company will try to turn that social-networking cachet into song sales.

Seattle-based iLike, a social music service, is expected to launch a music download store in coming days, perhaps as soon as Thursday, according to two sources with knowledge of the deal. Last month, CNET News reported that iLike was in talks with the top four recording companies about securing licenses for downloads.

The new store will debut as a beta version and will feature songs from at least three of the four top major recording companies, according … Read more

Three years ago this month, the Financial Times and The New York Times chronicled the emergence of an untried but promising new digital-music service: SpiralFrog.

The start-up would offer music free of charge to consumers and attempt to hand the bill to advertisers. Since then, we've seen a dozen companies make names for themselves by offering their own twist on the ad-supported music model, including MySpace Music, Imeem, and Pandora. But regardless of how anyone has tweaked it, not a single service in the still-nascent sector has proven that it knows how to offer consumers a compelling free-music service … Read more

In its typical stately and slightly behind fashion, The New Yorker magazine this week published a piece (subscription required) about big changes in the live music industry. The article used as its grounding point a recent dispute between Bruce Springsteen and Ticketmaster over scalping and ticket withholding by artists, but the larger point was that the concert industry may be following the recording industry down the tubes--a prediction I made more than a year ago. The article has reams of supporting statistics and quotes, but the simple point is that the big acts aren't selling as many tickets as … Read more

Music service iLike, best known for third-party applications on platforms like Facebook, made its big iPhone app launch today. The company has rolled out an app for alerts about local concerts, and also launched its previously announced program for bands and artists to create custom fan applications.

Apple still has to approve the "Local Concerts" app, according to a release, but iLike is excited about its potential impact regardless.

"It's something that we really felt was a good idea on paper as we started developing it," iLike CEO Ali Partovi told CNET News, "but … Read more

Here we are at day thirty. Wondering where the time has gone and where we'll go from here. One thing I know, wherever it is life finds me, the Palm Pre will be with me!

While many things impressed me, and I had very few disappointments, I'm just going to touch on a few of the major things I liked and disliked.

Design. I can't say enough about the slick, modern look and feel of the Palm Pre. It really is in a class all of it's own.

Palm Synergy. Linking my contacts from several … Read more