It’s really great to see MySpace maturing its business model. There has been plenty of talk over the past months about the social networking site not having a model to derive revenue.
At the 06 AlwaysOn Innovation Summit, Chad Hurley, CEO of MySpace, looked very smug when the conversation headed in this direction.
Keeping to their core value proposition – bringing people and music closer together is wise. There is plenty of time to move into other verticals as their brand grows from strength to strength.