Over the past the week, there have been numerous stories focusing on the reformatting going on over at the once-hyped MySpace Records. Now, according to Paste Magazine, it seems as if “restructuring” unfortunately means firing everybody and struggling to save face.
Surprise, friggin’ surprise.
In the midst of an industry-wide meltdown, MySpace Records gained steam on its name alone. Now, MySpace itself is a washed-up wasteland filled with porn, spam and people who still use AOL for email. Now, the one-time ruler of online networking is on the outside looking in, as advanced imitations like Twitter and Facebook continually work their way towards world domination. So, how in the hell is Tom’s sputtering offshoot supposed to succeed when its benefactor is on life support? Sure as hell not with a flaming “rapper” who makes songs about his peen as their flagship artist.
Once a seemingly smart idea, MySpace Records is now barely worth keeping a cursory eye on, because at this point it’s not a matter of how it’s going to resuscitate itself, but when it’s going to flatline.
Seems like we’ve been down this road before.
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Yeah, this isn’t entirely shocking. Even at the height of Myspace’s popularity, I didn’t see the venture being all that lucrative. To say nothing of the whole nature of Myspace proving to be a disadvantage more than anything. The “good shitt to just plain shit” ratio of artists must have been ridiculous.
i’m salty anyone was silly enough to sink that much money into myspace instead of finding other areas that could’ve used that bread. Myspace? Developing artists?
Sounded like shit from jump.
I’m amazed MySpace screwed this up. I mean they had everything going for them.
They had 80 million users. (What? You mean, once you account for the bots, trolls, pedophiles, crappy bands, too bored to use it types, there’s only about 40 mill? Well fine.)
The had 40 million users.
They also had captive eyeballs. (what? every profile didn’t include an embedded MySpace musicplayer with new music based on the user’s input/profile?)
Well, they had revenue streams. (What? Buying stuff thru Myspace’s e-commerce app rarely works and everyone’s been complaining about this for the last 5 years?)
They had online tours where MySpace’s hot bands streamed exclusive shows weekly among Myspace members to build up audience and community in prep for bigger seasonal, live-venue shows. (What? they didn’t do this either?)
So who was running MySpace Records… Andre Harrell?
I am not one to be bitter… but this is exactly what they get.
I told Tom, “You are a tech guy. Running a label is a lot more difficult than you could ever imagine. Money alone will not guarantee you success in this business.”
He was riding high on that FOX money.
I hope he remembers what I said.
(I am sure he does)
Good riddance. MySpace itself is also a sinking ship.
Finaly MySpace has just been one more online storage with audio streaming financed by ads website.
Anyway the concept was just a mash up of crap : poor audio quality, eye scratching ads, spams, morons meeting center and one of the worst online interface ever.
So here’s a little idea I was kicking around with the homeys….
BlackPlanet Records…
I think this could work.
“I’m amazed MySpace screwed this up. I mean they had everything going for them.”
That’s what I thought. Buuuuut, ’6 million ways to die, chose 1′