News Corp. will most likely shutter MySpace by June “unless we see a remarkable turnaround in the next few months,” Alan Gould, an analyst with Evercore Partners, said in a research note to clients today before the restructuring was announced.
Fox Interactive Media, which includes MySpace, may lose $225 million this fiscal year, up from an estimated $180 million last year, Gould said. He reduced his estimate for News Corp.’s fiscal 2011 operating income by 5 percent because of MySpace’s losses and weaker film results.
(via nebraska-admiral):
Crappy bands, 14 year olds and the 30 year olds trying to sleep with the 14 year olds everywhere are crying. Where will all their very important bulletins go?
Actually, though, it is bad from a music promotion perspective, because a Myspace page has become all but essential for a band as a quick promotion tool, and for lazy part-time journalists (like me!) to be able to get a good feeler for a band before writing about them.
As for those other two constituencies … at last check, Yahoo still has chat rooms. But last check was more than a decade ago.
(via lastyearsfad):
I dunno, as a crappy band person, our myspace doesn’t get much traffic. We get most of our interest via facebook and our crappy website, and most of the other bands we know have migrated away as well - bandcamp is the promotion tool of the moment.
I no longer have a MySpace account, but I still visit frequently because most bands just don’t know how to sell themselves on a website. Namely, let me hear some freakin’ music, okay? Right now, in fact. MySpace was always good at that. In fact, it was the only thing it was good at.
Nevertheless, I’m not saddened by the loss, because bands don’t have a lot of time or interest in maintaining websites (see: why they are so bad) and so places like Bandcamp and Last.fm will handily fill the gaps.
Yeah, we actually had a band argument on Monday regarding our very very out of date website at Lawndree.com. Everyone else in the band is “bad at websites” and gals in the band know I do computers, but I just don’t have time to build, support, and maintain anything like that. (and since I work very hard to keep some free time solely so I can play music, building a website outside of work is something I definitely don’t want to do.)
I am currently debating just letting the domain expire (along with my tagline of msft hottie that Jasmine - previously in charge of our website - never @#$@#$ took down) and letting the website go silently into the Google cache of the night.
