MySpace, Sony BMG Sign Licensing Deal

Social networking site MySpace said Oct. 16 it agreed to license streaming music videos, audio and other content from Sony BMG Music Entertainment. MySpace and Sony BMG will share sponsorship and ad revenue as part of the deal. Sony BMG will make content available on its artists' MySpace profile pages, and MySpace will promote the artists throughout the site.

Social networking site MySpace said Oct. 16 it agreed to license streaming music videos, audio and other content from Sony BMG Music Entertainment.

Financial terms were not disclosed.

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