ReadWriteWeb

According to an AP news story that ran yesterday afternoon, the upcoming MySpace Music service is definitely happening. Based on reports from music executives, who spoke only under the condition of anonymity, News Corp. has approached the four major record labels to discuss the launch of a music service that would operate via the MySpace social networking site. The executives also confirmed earlier rumors about the nature of the services that would be offered - according to them, the service will offer free streaming music, mp3 downloads, and a subscription plan. Can we say iTunes killer?