MySpace to challenge Spotify with mobile subscription service for 2013

Tom Pakinkis

A MySpace mobile subscription service will launch in Q2 of 2013 with an e-commerce solution for music downloads, ticketing and merchandise planned for the second half of next year.

That’s according to a leaked investor presentation acquired by Business Insider, which also places the relaunched social music platform in direct competition with Spotify and Pandora in the near future.

The Interactive Media Holdings/Specific Media presentation says the MySpace owner intends to raise $50m of new capital, $10m of which will ...

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