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equity stakes

Monday Business Links: Two Labels Moving Toward Deal With MySpace

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• The New York Post reported today Sony BMG and Warner Music Group are both near deals with MySpace for its new music site. One source said, "Everybody's operating with a sense of urgency to try to close it out." Major music companies are taking an equity stakes in MySpace Music and will share in the advertising revenue. Expect both ad-supported streams and paid downloads at the site.

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