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MySpace enters music market

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Mypace is hoping to win a slice of the online music market and is launching a free download site.

MySpace Music is a joint venture with Sony BMG Music Entertainment, Universal Music Group, and Warner Music Group.
It already runs the MySpace Music Channel and the new venture will include additional services.
These will include online profile pages of more than 5-million musicians.
Offerings will include music downloads and ring tones.