According to TechCrunch, MySpace is definitely going through layoffs; the organization is apparently being slimmed down so it will be attractive to buyers.
Gawker says that two bidders--a digital ad network and a private equity firm--are offering $20 million to $30 million. Pretty sad, considering News Corp. paid $580 million in 2005.
If you like this story, consider signing up for our email newsletters.
SHOW ME HOW
You have successfully signed up for your selected newsletter(s) - please keep an eye on your mailbox, we're movin' in!
So what does it mean for the countless bands who've used it to host music all these years? Once the bands leave with their songs, there's going to be no reason at all to go to MySpace. After the jump, a few more attractive options.
This music-hosting service lets you Flash-player widgets of your music so fans can embed your music on their sites and blogs. You can also sell downloads directly from Bandcamp in various formats.
SoundCloud also hosts music, but unlike Bandcamp, you can comment and message on the songs--at specific points, no less! It's free, and you can easily send and receive music as an alternative to FTP.
This Facebook app is an interface for your fan page, letting you display band info, tour dates and photos while playing music continuously. You can also share the photos and videos already on your fan page; sync your Soundcloud tracks, Twitter & RSS feeds; and more.