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First Bytes Myspace Music Eatake Two Wsjcom

Tech Observer

by Laura Rich
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Record Labels Betting on MySpace Music   Target: Apple

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Sep 15 2008 8:21am EDT

First Bytes: MySpace Music, EA/Take Two, WSJ.com...

- Electronic Arts has withdrawn its $2 billion offer for Take Two Interactive, which makes the popular Grand Theft Auto series. [NYT]

- The major record labels are hoping MySpace Music will represent a digital music renaissance for the industry. [Portfolio.com]

- The Wall Street Journal is rolling out its "community" Web feature Tuesday. [NYT]

- Apple's iPhone app store is facing a developer revolt, but is this just a tempest in a teapot? [TechCrunch]

- EBay's business is hurting, which could lead to layoffs of 1,500 or more. [Reuters]

-Sam Gustin. □

Laura Rich is a co-founder of Recessionwire, which provides news, advice, perspective and humor about the recession and the recovery.

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