VIEW EVENT INFORMATION: Myspace
Myspace Lost $43M In 2012. Here’s Why Launching A Profit-Thin Music Service Could Nail The
NOV
19
Status: Available Now!
Type: News
Date: Monday 19 November 2012, 11:22 AM
Media: Techcrunch

SOURCE
About the organization Myspace:
Type: Business
Sub-Types: Website, Social Networking Agent, Audio Hosting Agent, Video Hosting Agent, Text Hosting Agent, Picture Hosting Agent
Notable Organizations: Myspace, Techcrunch
Unless Specific Media hits a home run with the new streaming music service it’s raising $50 million to pivot Myspace into, its bargain basement buy of the social network for just $35 million in 2011 could be a disaster. Slides attained by Business Insider shows Myspace will lose $43 million in 2012 on revenue of just $15 million. Yet somehow it thinks the notoriously tough music biz…
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