Now that MySpace has finished its acquisition of iLike, what is it going to do with it? Don’t think music, MySpace CEO Owen Van Natta stressed in a press conference today, think about “socialization of content.”
What does that mean? It means the social network has spent $19.5 million on engineering talent to help overhaul its site.
iLike, the Web start-up that made a name for itself by becoming Facebook’s de facto music service, is looking for a buyer, according to multiple sources. I’m told that iLike is actively soliciting a list of buyers that include RealNetworks and Ticketmaster, which already owns 25 percent of the company.
Peter Kafka has been covering media and technology since 1997, when he joined the staff of Forbes magazine. Most recently, he has been the managing editor of the tech and media Web site, Silicon Alley Insider. Read more »
Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.
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