MySpace Music, which will replace an existing area of MySpace at music.myspace.com, represents an effort to give music lovers the kind of comprehensive online jukebox they could once only dream of. But it is also an effort to solve some of the more pressing problems of the music business.
Music companies hope the service, which weaves music through the increasingly popular world of online social networking, will weaken Apple’s dominant grip on the digital music business while helping to recoup revenue lost in the last few years as CD sales have suffered annual declines of 10 to 20 percent.
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