Chatter continues to escalate around the idea of the major labels busting out one or more free, ad-supported music services in conjunction with other businesses.
This time, the rumored partner is News Corp's MySpace, which already offers music from seven million bands or so via free streams and paid or free downloads.
The offer would differ from the MySpace of today by allowing free, DRM-free downloads from the major label catalogs. Revenue, derived from ad sales, would be split in some way between MySpace, the labels, and presumably their artists.
A PaidContent source says the first major could sign the agreement as soon as two weeks from now, and that the other three would likely follow suit swiftly.
(paidcontent; via musically)
