If MySpace fails – where will new Bands go? -Daily Planet dispatch

PetSoop-new bands will loose out if MySpace sold?

According to the latest statistics, MySpace fall original breakthrough cool social networking site quickly out of favor. It is well known that people taste in fashion and music change, and it seems the same can be said about the rise and fall of the sites popularity.

Last October, MySpace decided to throbber button itself with a new format, which aimed to make your site a Entertainment Music hub. However, this transition has done nothing to improve ratings, as a recent report from comScore shows not only did MySpace loose around 50 million users in the past year, it lost 10 million between the month in January and February alone, and is now down to 63 million users.

In January cut MySpace 500 employees from its total 1000 us employees and around 120 people divided between Sydney, London and Berlin. It is current Alexa rating is 69 position compared with Facebook on nr 2. Quantcast estimate of Myspace's U.S. monthly unique visitors is 43.2 million.

MySpace was launched in 2003 and quickly became the worlds number 1 social network website. In 2003 opened 100 Nr MySpace account. But when Facebook came along, it proved to be more popular, and by 2008 had overtaken MySpace and went on to create more than 600 million users.

If the industry analyst comScore is correct about the failure of the revised MySpace, then owner Rupert Murdoch company News Corp., will be bitterly disappointed in their investments on the Web site, that they paid $ 330 million in 2005, and now is believed to be worth only $ 50 million.

Strongly Tipped new electronic band, PetSoop, rely on MySpace to provide a window to rule-driven the music industry. The easy-to-use format provides new bands to show their personal music player, videos and tour dates. MySpace is one of only a handful of sites that supports free, legal streamed music.

French Marcello from PetSoop said "these days new bands must go DIY, they cannot expect a great step forward and everything done for them by the record companies.  To be able to direct industry to our Web site, MySpace frees us as musicians. Its bad enough having to keep on top of the social networks without having to worry about homepage design and construction of traffic when we want to make music. "

Remains the question of who will come to Myspaces rescuing it is up for sale, but the faithful users will fall away if the Web site is changed again.  MySpace has been identified as a site for music fans and everyone involved in the music industry, and helped to launch artists like Lily Allen and The Arctic Monkeys, but has new bands PetSoop jumped on the result too late?

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