Myspace officially launches label
Popular social site Myspace officially launched their record label today. While plans for the label have been in the works for some time, more details have surfaced on the organization.
The label will be marketed, manufactured and distributed by Universal Music Group's Interscope sublabel and will debut with the previously announced Myspace Records Volume 1 compilation. That disc is due out November 15th and includes contributions from Against Me!, AFI, The All-American Rejects, Dashboard Confessional, Fall Out Boy, Say Anything, Weezer and more.
The label began by signing the popular rap/rock act Hollywood Undead and MySpace president Tom Anderson says he is "talking to about four bands right now."
The deal is interesting, particularly in light of the number of unsigned and independent artists as well as labels who currently use the site for promotion hoping to reach some of the 35 million members of the site.
Myspace and it's parent, Intermix Media
are owned by Newscorp, the umbrella company of media mogul Rupert Murdoch. You can click Read More for a look at the artwork and track listing for the compilation.