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Ready To Pay For MySpace Music?

BEVERLY HILLS, CA (Hypebot) – Before the end of the year, MySpace Music, having "underachieved" with regard to revenue goals, is considering launching paid subscription service.

Sources say they are in need of moving to a paid model because the venture is burning through piles of money each month.

Courtney Holt, President of MySpace Music, went on record saying that they have no plans to change their current service which includes streaming free music, but conceded that they are "always exploring new monetization opportunities."