Did Rupert Lose a Half Billion Dollars?

Ha! The guys at 37signals have once again brightened my day.

“number of times their music was played: around 20,000

number of MySpace friend requests: 1200

number of mailing list signups: over 100

number of CDs sold: ZERO”

Now, this is only for one band. However, it makes you wonder what the business model actually is. Last time I checked, it was advertising supported. I haven’t understood this whole band push thing they seem to be doing. Is News Corp. trying to squeeze MySpace into their old-fashioned business model?

(By the way, I HATE when people have music playing on their profiles. And the irritating ring tone ads. I’ve started turning my speakers off when visiting MySpace.)

Signal Vs. Noise – MySpace and CD Sales

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